Arkema S.A. Plans Dividend of $3.43 (OTCMKTS:ARKAY)

Arkema S.A. (OTCMKTS:ARKAY) announced a dividend on Tuesday, May 20th, investing.com reports. Stockholders of record on Friday, May 23rd will be paid a dividend of 3.4274 per share by the basic materials company on Thursday, June 12th. This represents a dividend yield of 4.47%. The ex-dividend date of this dividend is Thursday, May 22nd.

Arkema Stock Performance

Shares of ARKAY opened at $76.66 on Tuesday. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 0.53 and a beta of 1.11. Arkema has a 12 month low of $64.94 and a 12 month high of $106.39. The firm has a fifty day simple moving average of $75.85 and a 200 day simple moving average of $78.81. The company has a current ratio of 2.11, a quick ratio of 1.54 and a debt-to-equity ratio of 0.48.

Arkema (OTCMKTS:ARKAY) last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.08). The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.44 billion. Arkema had a return on equity of 8.04% and a net margin of 3.82%. Research analysts forecast that Arkema will post 8.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein assumed coverage on Arkema in a research note on Thursday, April 24th. They issued an “underperform” rating for the company.

Arkema Company Profile

Arkema SA manufactures and sells specialty chemicals and advanced materials worldwide. The company operates in three segments: Adhesive Solutions, Advanced Materials and Coating Solutions, and Intermediates. The Adhesive Solutions segment provides solutions for construction, renovation of buildings, DIY, durable goods, and packaging and non-woven applications; and supplies technologies used in building activities for businesses and individuals, including sealants, tiles, flooring adhesives and waterproofing systems, and technologies used in industry, which include automotive, textiles, glazing, flexible and rigid packaging, and hygiene markets.