Glencore PLC (OTCMKTS:GLNCY) to Issue $0.09 Dividend

Key Points

• Glencore PLC has announced a dividend of $0.09 per share, with shareholders of record on September 1st receiving it on October 3rd, reflecting a yield of 210.0%.
• The company's ex-dividend date is set for August 29th, indicating when investors must own the stock to qualify for the dividend.
• As of the latest trading, Glencore's stock price opened at $7.93, with a 52-week price range between $5.74 and $11.56.

Glencore PLC (OTCMKTS:GLNCY - Get Free Report) announced a dividend on Saturday, August 23rd, investing.com reports. Shareholders of record on Monday, September 1st will be given a dividend of 0.085 per share by the energy company on Friday, October 3rd. This represents a yield of 210.0%. The ex-dividend date is Friday, August 29th.

Glencore Stock Up 1.6%

Shares of GLNCY stock traded up $0.13 on Thursday, hitting $8.02. The stock had a trading volume of 388,776 shares, compared to its average volume of 992,072. Glencore has a twelve month low of $5.74 and a twelve month high of $11.56. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.20 and a quick ratio of 0.60. The company has a fifty day moving average price of $8.03 and a two-hundred day moving average price of $7.66.

Analyst Upgrades and Downgrades

GLNCY has been the subject of several research analyst reports. The Goldman Sachs Group lowered shares of Glencore to a "neutral" rating in a report on Thursday, August 7th. Citigroup reaffirmed a "buy" rating on shares of Glencore in a research note on Thursday, August 14th. Four equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Strong Buy".

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.