The Chemours Company (NYSE:CC) Plans Quarterly Dividend of $0.25

The Chemours Company (NYSE:CC - Get Free Report) declared a quarterly dividend on Tuesday, April 30th, Wall Street Journal reports. Investors of record on Wednesday, May 15th will be paid a dividend of 0.25 per share by the specialty chemicals company on Friday, June 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Tuesday, May 14th.

Chemours Stock Down 3.3 %

NYSE:CC traded down $0.92 during mid-day trading on Tuesday, hitting $26.77. 1,486,431 shares of the company's stock were exchanged, compared to its average volume of 1,824,298. The company has a market cap of $3.99 billion, a PE ratio of -17.27 and a beta of 2.00. The company has a debt-to-equity ratio of 5.40, a current ratio of 1.54 and a quick ratio of 1.00. Chemours has a one year low of $15.10 and a one year high of $39.05. The business has a fifty day moving average price of $26.69 and a 200 day moving average price of $27.84.

Chemours (NYSE:CC - Get Free Report) last issued its quarterly earnings results on Wednesday, March 27th. The specialty chemicals company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. The firm had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.37 billion. Chemours had a positive return on equity of 51.73% and a negative net margin of 3.80%. Equities analysts predict that Chemours will post 2.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CC shares. UBS Group increased their target price on Chemours from $21.00 to $28.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 2nd. BMO Capital Markets raised shares of Chemours from an "underperform" rating to an "outperform" rating and increased their price objective for the company from $19.00 to $34.00 in a research report on Tuesday, April 9th. Finally, Barclays decreased their target price on shares of Chemours from $32.00 to $30.00 and set an "equal weight" rating for the company in a report on Tuesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Chemours has a consensus rating of "Hold" and a consensus price target of $31.63.

Chemours Company Profile

The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. It operates through three segments: Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials. The Titanium Technologies segment provides TiO2 pigment under the Ti-Pure brand for delivering whiteness, brightness, opacity, durability, efficiency, and protection in various of applications, such as architectural and industrial coatings, flexible and rigid plastic packaging, polyvinylchloride, laminate papers used for furniture and building materials, coated paper, and coated paperboard used for packaging.