Cabot Microelectronics Co. Announces Quarterly Dividend of $0.20 (CCMP)
Cabot Microelectronics Co. (NASDAQ:CCMP) announced a quarterly dividend on Monday, December 11th, RTT News reports. Investors of record on Friday, December 22nd will be paid a dividend of 0.20 per share by the semiconductor company on Tuesday, January 30th. This represents a $0.80 annualized dividend and a dividend yield of 0.87%.
Shares of Cabot Microelectronics (NASDAQ CCMP) traded up $0.13 during midday trading on Monday, hitting $92.31. 314,667 shares of the company traded hands, compared to its average volume of 180,787. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.04 and a quick ratio of 5.25. Cabot Microelectronics has a 12-month low of $60.55 and a 12-month high of $102.92. The firm has a market capitalization of $2,337.40, a PE ratio of 25.89 and a beta of 1.42.
Cabot Microelectronics (NASDAQ:CCMP) last announced its earnings results on Thursday, October 26th. The semiconductor company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.20. The company had revenue of $136.80 million during the quarter, compared to analysts’ expectations of $132.18 million. Cabot Microelectronics had a net margin of 17.10% and a return on equity of 16.27%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 earnings per share. research analysts forecast that Cabot Microelectronics will post 4.02 earnings per share for the current fiscal year.
In related news, VP Lisa A. Polezoes sold 5,745 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $102.08, for a total value of $586,449.60. Following the completion of the sale, the vice president now directly owns 9,694 shares in the company, valued at $989,563.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Daniel D. Woodland sold 8,567 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $93.40, for a total transaction of $800,157.80. Following the completion of the sale, the vice president now owns 15,404 shares of the company’s stock, valued at $1,438,733.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,794 shares of company stock valued at $7,028,546. 5.50% of the stock is currently owned by company insiders.
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Cabot Microelectronics Company Profile
Cabot Microelectronics Corporation supplies polishing slurries and pads used in the manufacture of integrated circuit (IC) devices within the semiconductor industry, in a process called chemical mechanical planarization (CMP). The Company is engaged in the development, manufacture and sale of CMP consumables.
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