Cabot Corporation (NYSE:CBT) Declares Dividend Increase - $0.47 Per Share

Key Points

• Cabot declared a quarterly dividend of $0.4725 per share — a 5.0% increase from $0.45 — payable June 12 to shareholders of record on May 29, implying a yield of about 2.5%.
• The dividend appears well covered: Cabot has raised its payout for 14 consecutive years, currently has a payout ratio of 22.8%, and analysts forecast roughly $6.87 in EPS next year (implied future payout ratio ~26.2%).
• Shares opened at $75.80 (down ~2%), with a PE around 13.3 and market cap about $3.96B; last quarter Cabot beat EPS estimates ($1.53 vs. $1.40) while revenue fell 11.1% year‑over‑year.

Cabot Corporation (NYSE:CBT - Get Free Report) announced a quarterly dividend on Monday, May 4th. Shareholders of record on Friday, May 29th will be paid a dividend of 0.4725 per share by the specialty chemicals company on Friday, June 12th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, May 29th. This is a 5.0% increase from Cabot's previous quarterly dividend of $0.45.

Cabot has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Cabot has a payout ratio of 22.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cabot to earn $6.87 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 26.2%.

Cabot Trading Down 2.0%

Shares of CBT stock opened at $75.80 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.67 and a debt-to-equity ratio of 0.49. Cabot has a 12-month low of $58.33 and a 12-month high of $83.71. The firm has a 50 day moving average price of $73.60 and a two-hundred day moving average price of $70.18. The company has a market capitalization of $3.96 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 10.20 and a beta of 0.78.

Cabot (NYSE:CBT - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The specialty chemicals company reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.40 by $0.13. Cabot had a net margin of 8.62% and a return on equity of 22.82%. The company had revenue of $849.00 million during the quarter, compared to the consensus estimate of $889.11 million. During the same period in the previous year, the business earned $1.76 earnings per share. The firm's quarterly revenue was down 11.1% on a year-over-year basis. As a group, analysts predict that Cabot will post 6.27 earnings per share for the current year.

Cabot Company Profile

Cabot Corporation is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. Founded in 1882 by Godfrey Lowell Cabot, the company has grown into a diversified manufacturer with operations across North America, Europe, Asia and Latin America. Cabot serves a wide range of end markets, including automotive, industrial, energy, and consumer products, supplying essential ingredients that enhance performance, durability and functionality.

The company operates two primary segments: Reinforcement Materials and Performance Materials.

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