Chemical Financial Corp. (CHFC) Plans Quarterly Dividend of $0.23
Chemical Financial Corp. (NASDAQ:CHFC) declared a quarterly dividend on Tuesday, May 20th, American Banking News.com reports. Stockholders of record on Friday, June 6th will be given a dividend of 0.23 per share on Friday, June 20th. This represents a $0.92 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Wednesday, June 4th.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Chemical Financial Corp. from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. They now have a $34.00 price target on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Chemical Financial Corp. from $31.00 to $33.00 in a research note on Wednesday, March 12th.
Chemical Financial Corp. (NASDAQ:CHFC) opened at 28.41 on Tuesday. Chemical Financial Corp. has a one year low of $25.01 and a one year high of $33.28. The stock’s 50-day moving average is $29.82 and its 200-day moving average is $30.38. The company has a market cap of $848.5 million and a price-to-earnings ratio of 14.36.
Chemical Financial Corp. (NASDAQ:CHFC) last announced its earnings results on Monday, April 21st. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.48 by $0.02. During the same quarter in the prior year, the company posted $0.48 earnings per share. On average, analysts predict that Chemical Financial Corp. will post $2.04 earnings per share for the current fiscal year.
Chemical Financial Corporation (NASDAQ:CHFC) is a financial holding company.
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