Dow Chemical Co. to Issue Quarterly Dividend of $0.46 (DOW)
Dow Chemical Co. (NYSE:DOW) announced a quarterly dividend on Thursday, September 8th. Shareholders of record on Friday, September 30th will be paid a dividend of 0.46 per share on Friday, October 28th. This represents a $1.84 dividend on an annualized basis and a yield of 3.41%.
A number of analysts have issued reports on DOW shares. Vetr lowered Dow Chemical from a “buy” rating to a “hold” rating and set a $51.75 target price on the stock. in a research report on Monday, May 23rd. Credit Suisse Group AG reissued a “buy” rating on shares of Dow Chemical in a research report on Thursday, June 2nd. JPMorgan Chase & Co. lowered Dow Chemical from an “overweight” rating to a “neutral” rating and cut their target price for the company from $57.00 to $50.00 in a research report on Tuesday, June 28th. Credit Agricole SA lowered Dow Chemical from an “outperform” rating to an “underperform” rating in a research report on Wednesday, July 6th. Finally, Nomura reissued a “buy” rating on shares of Dow Chemical in a research report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $58.30.
Dow Chemical (NYSE:DOW) traded down 0.50% during trading on Thursday, reaching $53.63. 228,067 shares of the company’s stock traded hands. The stock has a market capitalization of $60.43 billion and a P/E ratio of 7.83. Dow Chemical has a 1-year low of $39.84 and a 1-year high of $57.10. The stock has a 50-day moving average price of $53.40 and a 200 day moving average price of $51.74.
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Dow Chemical (NYSE:DOW) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.09. During the same period in the prior year, the business earned $0.91 EPS. The company had revenue of $12 billion for the quarter, compared to analysts’ expectations of $11.24 billion. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. Equities research analysts expect that Dow Chemical will post $3.50 earnings per share for the current year.
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