The Dow Chemical Company Declares Quarterly Dividend of $0.37 (DOW)
The Dow Chemical Company (NYSE:DOW) announced a quarterly dividend on Thursday, September 4th, Analyst RN reports. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.37 per share on Thursday, October 30th. This represents a $1.48 annualized dividend and a dividend yield of 2.75%.
A number of analysts have recently weighed in on DOW shares. Analysts at Zacks reiterated a “neutral” rating on shares of The Dow Chemical Company in a research note on Monday, July 28th. They now have a $56.00 price target on the stock. On the ratings front, analysts at Credit Suisse reiterated an “outperform” rating on shares of The Dow Chemical Company in a research note on Thursday, July 24th. They now have a $60.00 price target on the stock, up previously from $56.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of The Dow Chemical Company in a research note on Thursday, July 24th. They now have a $57.00 price target on the stock, up previously from $54.00. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $54.64.
The Dow Chemical Company (NYSE:DOW) opened at 53.90 on Thursday. The Dow Chemical Company has a 52-week low of $37.68 and a 52-week high of $54.28. The stock has a 50-day moving average of $52.59 and a 200-day moving average of $50.63. The company has a market cap of $63.543 billion and a price-to-earnings ratio of 19.00.
The Dow Chemical Company (NYSE:DOW) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.74 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.02. The company had revenue of $14.92 billion for the quarter, compared to the consensus estimate of $14.82 billion. During the same quarter last year, the company posted $0.64 earnings per share. The Dow Chemical Company’s revenue was up 2.3% compared to the same quarter last year. On average, analysts predict that The Dow Chemical Company will post $2.95 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.
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