Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Plans $0.21 Quarterly Dividend

Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Get Free Report) announced a quarterly dividend on Monday, April 29th, Wall Street Journal reports. Stockholders of record on Friday, May 10th will be given a dividend of 0.2134 per share by the basic materials company on Tuesday, May 28th. This represents a $0.85 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Thursday, May 9th.

Sociedad Química y Minera de Chile has raised its dividend by an average of 83.1% per year over the last three years.

Sociedad Química y Minera de Chile Trading Up 7.0 %

Shares of NYSE:SQM traded up $3.09 during midday trading on Monday, hitting $47.23. 1,503,605 shares of the stock were exchanged, compared to its average volume of 1,436,056. The stock has a market capitalization of $13.49 billion, a price-to-earnings ratio of 6.70 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.74 and a current ratio of 2.49. The business's 50-day moving average price is $47.30 and its 200 day moving average price is $49.31. Sociedad Química y Minera de Chile has a 12 month low of $38.50 and a 12 month high of $81.50.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The basic materials company reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.51). The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.36 billion. Sociedad Química y Minera de Chile had a return on equity of 37.86% and a net margin of 26.95%. During the same period in the prior year, the firm earned $4.03 earnings per share. Analysts predict that Sociedad Química y Minera de Chile will post 4.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on SQM. Deutsche Bank Aktiengesellschaft cut their price objective on Sociedad Química y Minera de Chile from $48.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, April 19th. The Goldman Sachs Group dropped their price target on Sociedad Química y Minera de Chile from $54.50 to $46.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 23rd. Scotiabank dropped their price target on Sociedad Química y Minera de Chile from $80.00 to $70.00 and set a "sector outperform" rating on the stock in a research note on Monday, March 4th. StockNews.com lowered Sociedad Química y Minera de Chile from a "hold" rating to a "sell" rating in a research note on Monday, March 4th. Finally, TheStreet lowered Sociedad Química y Minera de Chile from a "b-" rating to a "c" rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $65.18.

About Sociedad Química y Minera de Chile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.