The Dow Chemical Company Announces Quarterly Dividend of $0.37 (DOW)
The Dow Chemical Company (NYSE:DOW) announced a quarterly dividend on Thursday, May 15th, AnalystRatings.Net reports. Investors of record on Monday, June 30th will be paid a dividend of 0.37 per share on Wednesday, July 30th. This represents a $1.48 annualized dividend and a dividend yield of 2.95%.
A number of analysts have recently weighed in on DOW shares. Analysts at Susquehanna raised their price target on shares of The Dow Chemical Company from $47.00 to $57.00 in a research note on Thursday, May 8th. They now have a “neutral” rating on the stock. On a related note, analysts at Argus raised their price target on shares of The Dow Chemical Company from $51.00 to $56.00 in a research note on Tuesday, April 29th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of The Dow Chemical Company from $50.00 to $54.00 in a research note on Thursday, April 24th. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.90.
The Dow Chemical Company (NYSE:DOW) opened at 50.20 on Thursday. The Dow Chemical Company has a 1-year low of $31.65 and a 1-year high of $50.96. The stock has a 50-day moving average of $48.8 and a 200-day moving average of $45.11. The company has a market cap of $59.768 billion and a price-to-earnings ratio of 12.57.
The Dow Chemical Company (NYSE:DOW) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.08. The company had revenue of $14.50 billion for the quarter, compared to the consensus estimate of $14.72 billion. During the same quarter last year, the company posted $0.69 earnings per share. The Dow Chemical Company’s revenue was up .5% compared to the same quarter last year. On average, analysts predict that The Dow Chemical Company will post $2.98 earnings per share for the current fiscal year.
The Dow Chemical Company combines the power of science and technology to passionately innovate what is essential to human progress.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.