Celanese Corporation (NYSE:CE) Plans Quarterly Dividend of $0.03

Key Points

• Celanese Corporation declared a quarterly dividend of $0.03 per share, with an ex-dividend date set for October 28th and payment scheduled for November 12th.
• The company reported $1.44 EPS for the most recent quarter, exceeding estimates, but faced a revenue decline of 4.5% year-over-year.
• Celanese has a low dividend payout ratio of 1.7%, indicating strong earnings coverage for its dividend commitments moving forward.

Celanese Corporation (NYSE:CE - Get Free Report) declared a quarterly dividend on Wednesday, October 15th. Shareholders of record on Tuesday, October 28th will be given a dividend of 0.03 per share by the basic materials company on Wednesday, November 12th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date is Tuesday, October 28th.

Celanese has a dividend payout ratio of 1.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Celanese to earn $10.10 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 1.2%.

Celanese Stock Performance

Celanese stock opened at $40.19 on Thursday. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of -2.71, a PEG ratio of 1.87 and a beta of 1.13. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.22 and a current ratio of 2.05. Celanese has a fifty-two week low of $36.29 and a fifty-two week high of $136.68. The stock has a fifty day moving average of $44.39 and a two-hundred day moving average of $49.21.

Celanese (NYSE:CE - Get Free Report) last released its earnings results on Monday, August 11th. The basic materials company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.38 by $0.06. Celanese had a positive return on equity of 10.48% and a negative net margin of 16.30%.The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the firm posted $2.38 earnings per share. The business's quarterly revenue was down 4.5% compared to the same quarter last year. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. On average, analysts anticipate that Celanese will post 8.79 EPS for the current fiscal year.

Celanese Company Profile

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.

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