Rockwood Holdings Inc. (ROC) Plans Quarterly Dividend of $0.45
Rockwood Holdings (NYSE:ROC) declared a quarterly dividend on Tuesday, February 18th, American Banking News.com reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.45 per share on Tuesday, March 18th. This represents a $1.80 dividend on an annualized basis and a yield of 2.43%.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Rockwood Holdings from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 14th. They now have a $72.30 price target on the stock. On a related note, analysts at Bank of America upgraded shares of Rockwood Holdings to a “buy” rating in a research note on Friday, December 6th. Finally, analysts at Bank of America upgraded shares of Rockwood Holdings from a “neutral” rating to a “buy” rating in a research note on Friday, December 6th. They now have a $86.00 price target on the stock, up previously from $75.00. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $76.38.
Shares of Rockwood Holdings (NYSE:ROC) opened at 73.97 on Tuesday. Rockwood Holdings has a 52-week low of $57.30 and a 52-week high of $74.67. The stock has a 50-day moving average of $70.82 and a 200-day moving average of $67.90. The company has a market cap of $5.413 billion and a price-to-earnings ratio of 4.83.
Rockwood Holdings, Inc (NYSE:ROC) is a developer, manufacturer and marketer of specialty chemicals and advanced materials used for industrial and commercial purposes.
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