Glencore plc (OTCMKTS:GLNCY) to Issue $0.09 Dividend

Glencore plc (OTCMKTS:GLNCY) declared a dividend on Tuesday, April 29th, investing.com reports. Stockholders of record on Monday, May 5th will be paid a dividend of 0.085 per share by the energy company on Wednesday, June 18th. This represents a dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, May 2nd.

Glencore Stock Down 0.3 %

Shares of OTCMKTS:GLNCY opened at $7.11 on Tuesday. The company has a fifty day moving average of $7.41 and a 200-day moving average of $8.73. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. Glencore has a 52-week low of $5.74 and a 52-week high of $12.74.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised Glencore to a “strong-buy” rating in a report on Tuesday, March 11th. Six equities research analysts have rated the stock with a strong buy rating, According to MarketBeat.com, the company currently has an average rating of “Strong Buy”.

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.