OM Group Inc. (OMG) Declares Quarterly Dividend of $0.08
OM Group (NYSE:OMG) declared a quarterly dividend on Thursday, February 13th, American Banking and Market News reports. Shareholders of record on Monday, February 24th will be given a dividend of 0.075 per share on Friday, March 7th. This represents a $0.30 dividend on an annualized basis and a yield of 0.92%.
On the ratings front, analysts at Northcoast Research upgraded shares of OM Group to a “buy” rating in a research note on Thursday, December 12th.
Shares of OM Group (NYSE:OMG) opened at 32.78 on Thursday. OM Group has a 52 week low of $22.22 and a 52 week high of $37.58. The stock’s 50-day moving average is $34.59 and its 200-day moving average is $32.77. The company’s market cap is $1.048 billion.
OM Group (NYSE:OMG) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.07. The company had revenue of $270.50 million for the quarter, compared to the consensus estimate of $236.80 million. Analysts expect that OM Group will post $1.19 EPS for the current fiscal year.
OM Group, Inc is a diversified industrial growth company serving attractive global markets, including automotive systems, electronic devices, aerospace, general industrial and renewable energy.
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