Cabot Corp Plans Quarterly Dividend of $0.22 (CBT)
Cabot Corp (NYSE:CBT) announced a quarterly dividend on Wednesday, July 9th, Analyst Ratings Network reports. Stockholders of record on Friday, August 29th will be paid a dividend of 0.22 per share on Friday, September 12th. This represents a $0.88 annualized dividend and a dividend yield of 1.52%.
CBT has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Cabot Corp in a research note on Thursday, May 8th. They now have a $63.00 price target on the stock, up previously from $52.00. On a related note, analysts at Jefferies Group raised their price target on shares of Cabot Corp from $61.00 to $68.00 in a research note on Monday, May 5th. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Cabot Corp from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 22nd. They now have a $62.60 price target on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $60.43.
Shares of Cabot Corp (NYSE:CBT) traded up 0.50% on Wednesday, hitting $57.90. The stock had a trading volume of 230,377 shares. Cabot Corp has a 52 week low of $37.96 and a 52 week high of $61.46. The stock’s 50-day moving average is $58.22 and its 200-day moving average is $55.27. The company has a market cap of $3.734 billion and a P/E ratio of 16.99.
Cabot Corp (NYSE:CBT) last announced its earnings results on Wednesday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by $0.02. The company had revenue of $898.00 million for the quarter, compared to the consensus estimate of $910.00 million. Analysts expect that Cabot Corp will post $3.59 EPS for the current fiscal year.
Cabot Corporation (NYSE:CBT) is a global specialty chemicals and performance materials company.
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