Novozymes A/S to Issue Dividend of $0.19 (OTCMKTS:NVZMY)

Key Points

• Novozymes A/S has declared a dividend of $0.1856 per share, with a dividend yield of 88.0%, payable to stockholders on September 11th.
• The stock opened at $64.20, with a 52-week price range between $53.95 and $75.99, and a market cap of $30.06 billion.
• Novozymes A/S specializes in producing industrial enzymes, microorganisms, and probiotics for various industries globally, including food and beverage.

Novozymes A/S (OTCMKTS:NVZMY - Get Free Report) announced a dividend on Saturday, August 30th, investing.com reports. Shareholders of record on Wednesday, September 3rd will be paid a dividend of 0.1856 per share by the biotechnology company on Thursday, September 11th. This represents a yield of 88.0%. The ex-dividend date of this dividend is Tuesday, September 2nd.

Novozymes A/S Stock Performance

Shares of NVZMY stock remained flat at $62.75 during mid-day trading on Wednesday. 104,909 shares of the company's stock were exchanged, compared to its average volume of 40,789. The company has a 50-day moving average price of $67.68 and a 200-day moving average price of $65.30. Novozymes A/S has a 12-month low of $53.95 and a 12-month high of $75.99. The company has a market capitalization of $29.39 billion, a price-to-earnings ratio of 39.72, a PEG ratio of 1.26 and a beta of 0.93. The company has a quick ratio of 1.04, a current ratio of 1.66 and a debt-to-equity ratio of 0.11.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Novozymes A/S from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Novozymes A/S presently has an average rating of "Moderate Buy".

Novozymes A/S Company Profile

Novozymes A/S produces and sells industrial enzymes, microorganisms, and probiotics in Denmark, rest of Europe, North America, Asia Pacific, the Middle East, Africa, Latin America, and internationally. The company offers protein solutions for the food and beverage industry. It also offers industrial hygiene, drain openers, hard surface, medical cleaning, septic tanks, ware washing, and professional laundry services.