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DOW   31,496.30
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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Cabot Co. Declares Quarterly Dividend of $0.35 (NYSE:CBT)

Tuesday, February 23, 2021 | MarketBeat

Cabot Co. (NYSE:CBT) declared a quarterly dividend on Friday, January 8th, Zacks reports. Stockholders of record on Friday, February 26th will be given a dividend of 0.35 per share by the specialty chemicals company on Friday, March 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Thursday, February 25th.

Cabot has raised its dividend by 12.5% over the last three years and has raised its dividend every year for the last 1 years. Cabot has a payout ratio of 35.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cabot to earn $3.81 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 36.7%.

CBT opened at $50.52 on Tuesday. The business's 50-day simple moving average is $47.52 and its 200 day simple moving average is $42.20. Cabot has a 52-week low of $20.00 and a 52-week high of $51.32. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.17 and a current ratio of 1.85. The firm has a market capitalization of $2.86 billion, a PE ratio of -11.92 and a beta of 1.60.

Cabot (NYSE:CBT) last announced its quarterly earnings data on Sunday, January 31st. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.30. Cabot had a positive return on equity of 11.67% and a negative net margin of 9.10%. On average, research analysts forecast that Cabot will post 3.36 earnings per share for the current year.

A number of equities analysts have weighed in on the company. Zacks Investment Research raised Cabot from a "sell" rating to a "hold" rating and set a $40.00 price target on the stock in a research report on Monday, November 2nd. UBS Group upped their price objective on Cabot from $47.00 to $49.00 and gave the company a "buy" rating in a report on Thursday, November 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Cabot from $42.00 to $45.00 and gave the company a "hold" rating in a research report on Tuesday, November 17th. The Goldman Sachs Group raised their price target on shares of Cabot from $136.00 to $143.00 and gave the stock a "sell" rating in a research report on Monday, December 14th. Finally, Barclays lifted their price objective on shares of Cabot from $53.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of "Hold" and a consensus target price of $57.00.

About Cabot

Cabot Corporation operates as a specialty chemicals and performance materials company. It operates through three segments: Reinforcement Materials, Performance Chemicals, and Purification Solutions. The company offers rubber grade carbon blacks used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and engineered elastomer composites.

Read More: Green Investing

Dividend History for Cabot (NYSE:CBT)

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7 Stocks to Sell Before the New Year

We’re officially in the holiday season, which means it’s time to get our portfolios set for the new year. And for many investors, 2021 can’t get here fast enough. Don’t get me wrong. Overall, being invested in stocks has been a wise move. But it hasn’t been without its ups and downs. For investors to profit in this market, they have had to have conviction.

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View the "7 Stocks to Sell Before the New Year".

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