OCI Partners LP (OCIP) Declares Quarterly Dividend of $0.41
OCI Partners (NASDAQ:OCIP) declared a quarterly dividend on Tuesday, May 13th, American Banking News.com reports. Shareholders of record on Thursday, May 22nd will be given a dividend of 0.41 per share on Thursday, May 29th. This represents a $1.64 dividend on an annualized basis and a yield of 7.64%.
OCIP has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of OCI Partners in a research note on Wednesday, April 9th. They now have a $25.00 price target on the stock, down previously from $27.00. Analysts at Barclays downgraded shares of OCI Partners from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, April 1st. They now have a $26.00 price target on the stock, down previously from $30.00.
OCI Partners (NASDAQ:OCIP) opened at 21.47 on Tuesday. OCI Partners has a one year low of $16.08 and a one year high of $28.73. The stock’s 50-day moving average is $21.82 and its 200-day moving average is $24.26. The company has a market cap of $1.728 billion and a price-to-earnings ratio of 35.90.
OCI Partners LP owns and operates an integrated methanol and ammonia production facility that is strategically located on the Texas Gulf Coast near Beaumont.
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