Celanese Corporation (NYSE:CE – Get Free Report) announced a quarterly dividend on Wednesday, October 14th. Shareholders of record on Tuesday, October 27th will be given a dividend of $0.03 per share by the basic materials company on Tuesday, November 10th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, October 27th.
Celanese has decreased its dividend payment by an average of 0.5% annually over the last three years. Celanese has a dividend payout ratio of 1.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Celanese to earn $5.89 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 2.0%.
Celanese Stock Performance
Shares of NYSE:CE opened at $47.70 on Friday. The company’s 50 day moving average price is $45.74 and its two-hundred day moving average price is $50.52. Celanese has a 12-month low of $35.13 and a 12-month high of $70.70. The firm has a market cap of $5.24 billion, a PE ratio of -4.46, a PEG ratio of 0.34 and a beta of 0.76. The company has a quick ratio of 0.87, a current ratio of 1.45 and a debt-to-equity ratio of 2.33.
Celanese (NYSE:CE – Get Free Report) last announced its earnings results on Tuesday, August 4th. The basic materials company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.23 by $0.22. The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Celanese had a negative net margin of 12.04% and a positive return on equity of 13.04%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the firm earned $1.44 earnings per share. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Equities research analysts predict that Celanese will post 6.00 earnings per share for the current year.
Celanese Company Profile
Celanese Corporation (NYSE: CE) is a global chemical and specialty materials company headquartered in Irving, Texas. The company develops and manufactures engineered materials and chemical products used by manufacturers in industries including automotive, consumer goods, medical and healthcare, electronics, industrial equipment, energy and infrastructure.
Celanese operates primarily through its Engineered Materials and Acetyl Chain businesses. Its portfolio includes engineered polymers, thermoplastic compounds and other specialty materials, as well as acetyl products such as acetic acid, vinyl acetate monomer, emulsions and related intermediates.
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