Cabot Corp (NYSE:CBT) declared a quarterly dividend on Friday, January 12th, RTT News reports. Shareholders of record on Friday, February 23rd will be given a dividend of 0.315 per share by the specialty chemicals company on Friday, March 9th. This represents a $1.26 annualized dividend and a yield of 1.90%.

Cabot has raised its dividend by an average of 13.1% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Cabot has a payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cabot to earn $4.21 per share next year, which means the company should continue to be able to cover its $1.26 annual dividend with an expected future payout ratio of 29.9%.

Cabot (NYSE:CBT) traded up $0.94 during midday trading on Friday, reaching $66.40. The company’s stock had a trading volume of 739,000 shares, compared to its average volume of 423,587. The stock has a market cap of $4,160.00, a PE ratio of 17.43, a PEG ratio of 1.73 and a beta of 1.11. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.17. Cabot has a fifty-two week low of $50.21 and a fifty-two week high of $66.57.

Cabot (NYSE:CBT) last released its quarterly earnings results on Tuesday, October 31st. The specialty chemicals company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.02). The firm had revenue of $723.00 million for the quarter, compared to analysts’ expectations of $683.30 million. Cabot had a net margin of 8.87% and a return on equity of 15.11%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 EPS. equities analysts predict that Cabot will post 3.79 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on CBT shares. Loop Capital started coverage on Cabot in a research note on Thursday, September 28th. They issued a “hold” rating and a $59.00 price objective for the company. KeyCorp reaffirmed a “hold” rating on shares of Cabot in a research note on Wednesday, November 1st. Jefferies Group reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Cabot in a research note on Friday, November 3rd. Zacks Investment Research lowered Cabot from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, SunTrust Banks raised Cabot from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $64.43.

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About Cabot

Cabot Corporation is a global specialty chemicals and performance materials company. The Company operates through four business segments: reinforcement materials, performance chemicals, purification solutions and specialty fluids. Reinforcement materials’ rubber grade carbon blacks are used to enhance the physical properties of the systems and applications in which they are incorporated.

Dividend History for Cabot (NYSE:CBT)

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