Cabot Corporation to Issue Quarterly Dividend of $0.47 (NYSE:CBT)

Key Points

• Cabot declared a quarterly dividend of $0.4725 per share, payable September 11 to shareholders of record August 28. The dividend implies an annualized payout of $1.89 and a yield of approximately 2.3%.
• Cabot has increased its dividend for 14 consecutive years, with a current payout ratio of 23.9%; analysts expect future earnings to cover the dividend comfortably.
• The company recently reported quarterly EPS of $1.67, narrowly exceeding estimates, while revenue rose 6.4% year over year to $982 million. Shares opened at $83.76, down 0.1%.

Cabot Corporation (NYSE:CBT - Get Free Report) announced a quarterly dividend on Friday, July 10th. Stockholders of record on Friday, August 28th will be given a dividend of 0.4725 per share by the specialty chemicals company on Friday, September 11th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, August 28th.

Cabot has raised its dividend payment 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 dividend payout ratio of 23.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Cabot to earn $7.08 per share next year, which means the company should continue to be able to cover its $1.89 annual dividend with an expected future payout ratio of 26.7%.

Cabot Trading Down 0.1%

NYSE:CBT opened at $83.76 on Wednesday. Cabot has a fifty-two week low of $58.33 and a fifty-two week high of $94.53. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.47 and a quick ratio of 0.97. The stock has a market capitalization of $4.32 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 10.89 and a beta of 0.84. The business's 50-day simple moving average is $87.99 and its 200-day simple moving average is $81.05.

Cabot (NYSE:CBT - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The specialty chemicals company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.01. The business had revenue of $982.00 million during the quarter, compared to analyst estimates of $943.16 million. Cabot had a return on equity of 20.29% and a net margin of 5.23%.Cabot's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.90 EPS. Cabot has set its FY 2026 guidance at 6.150-6.450 EPS. Sell-side analysts expect that Cabot will post 6.37 earnings per share for the current fiscal year.

About Cabot

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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