Cytec Industries Inc. (CYT) Plans Dividend of $0.13
Cytec Industries (NYSE:CYT) announced a dividend on Thursday, January 30th, American Banking News reports. Shareholders of record on Monday, February 10th will be paid a dividend of 0.125 per share on Tuesday, February 25th. The ex-dividend date is Thursday, February 6th.
A number of research firms have recently commented on CYT. Analysts at Stifel Nicolaus initiated coverage on shares of Cytec Industries in a research note to investors on Wednesday, January 8th. They set a “hold” rating on the stock. Analysts at Zacks upgraded shares of Cytec Industries from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, November 26th. They now have a $88.60 price target on the stock. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $90.09.
Cytec Industries (NYSE:CYT) opened at 88.42 on Friday. Cytec Industries has a one year low of $68.50 and a one year high of $94.03. The stock has a 50-day moving average of $91.23 and a 200-day moving average of $83.85. The company has a market cap of $3.136 billion and a price-to-earnings ratio of 24.46.
Cytec Industries (NYSE:CYT) last released its earnings data on Friday, January 31st. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.42. The company had revenue of $480.00 million for the quarter, compared to the consensus estimate of $452.53 million. On average, analysts predict that Cytec Industries will post $4.79 earnings per share for the current fiscal year.
Cytec Industries Inc (NYSE:CYT) is a specialty chemicals and materials company focused on developing, manufacturing and selling value-added products.
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