KMG Chemicals, Inc. Plans Dividend of $0.03 (KMG)
KMG Chemicals (NYSE:KMG) announced a dividend on Wednesday, September 3rd, StockRatingsNetwork.com reports. Stockholders of record on Friday, September 12th will be paid a dividend of 0.03 per share on Friday, September 26th. The ex-dividend date is Wednesday, September 10th.
KMG has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of KMG Chemicals from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $20.00 price target on the stock. Analysts at Gabelli upgraded shares of KMG Chemicals from a “hold” rating to a “buy” rating in a research note on Tuesday, June 10th. They now have a $18.00 price target on the stock.
Shares of KMG Chemicals (NYSE:KMG) opened at 16.84 on Thursday. KMG Chemicals has a one year low of $14.47 and a one year high of $23.96. The stock’s 50-day moving average is $16.65 and its 200-day moving average is $16.31. The company has a market cap of $196.0 million and a price-to-earnings ratio of 353.12.
KMG Chemicals (NYSE:KMG) last issued its quarterly earnings data on Friday, June 6th. The company reported $0.20 earnings per share for the quarter. The company had revenue of $84.44 million for the quarter, compared to the consensus estimate of $59.93 million. On average, analysts predict that KMG Chemicals will post $0.80 earnings per share for the current fiscal year.
KMG Chemicals, Inc manufactures, formulates and globally distributes specialty chemicals. The Company has acquired and operates businesses selling electronic chemicals and industrial wood treating chemicals.
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