Novozymes A/S (OTCMKTS:NVZMY) to Issue Dividend Increase – $0.38 Per Share

Novozymes A/S (OTCMKTS:NVZMY) declared a dividend on Monday, March 10th, NASDAQ Dividends reports. Shareholders of record on Monday, April 7th will be paid a dividend of 0.3758 per share by the biotechnology company on Wednesday, April 23rd. The ex-dividend date is Monday, April 7th. This is a 123.9% increase from Novozymes A/S’s previous dividend of $0.17.

Novozymes A/S Price Performance

Shares of NVZMY stock traded up $0.65 on Tuesday, reaching $58.96. 10,482 shares of the company were exchanged, compared to its average volume of 20,958. Novozymes A/S has a one year low of $52.96 and a one year high of $72.50. The company has a 50-day moving average of $57.04 and a 200-day moving average of $61.33. The company has a market cap of $27.61 billion, a price-to-earnings ratio of 37.32, a PEG ratio of 3.87 and a beta of 0.91.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of Novozymes A/S to a “strong-buy” rating in a research report on Monday, November 18th.

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.