Chemical Financial Corp. (CHFC) Plans Quarterly Dividend of $0.24
Chemical Financial Corp. (NASDAQ:CHFC) declared a quarterly dividend on Tuesday, August 19th, American Banking & Market News reports. Stockholders of record on Friday, September 5th will be given a dividend of 0.24 per share on Friday, September 19th. This represents a $0.96 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Wednesday, September 3rd.
On a related note, analysts at Zacks upgraded shares of Chemical Financial Corp. from an “underperform” rating to a “neutral” rating in a research note on Friday, August 1st. They now have a $28.30 price target on the stock.
Shares of Chemical Financial Corp. (NASDAQ:CHFC) opened at 28.14 on Tuesday. Chemical Financial Corp. has a 52 week low of $26.53 and a 52 week high of $33.28. The stock has a 50-day moving average of $27.76 and a 200-day moving average of $29.21. The company has a market cap of $921.9 million and a P/E ratio of 13.81.
Chemical Financial Corp. (NASDAQ:CHFC) last announced its earnings results on Wednesday, July 23rd. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.49 by $0.05. On average, analysts predict that Chemical Financial Corp. will post $1.80 earnings per share for the current fiscal year.
Chemical Financial Corporation (NASDAQ:CHFC) is a financial holding company.
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