ChampionX Co. (NASDAQ:CHX) Declares Quarterly Dividend of $0.10

ChampionX Co. (NASDAQ:CHX) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Shareholders of record on Friday, April 4th will be paid a dividend of 0.095 per share on Friday, April 25th. This represents a $0.38 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, April 4th.

ChampionX has a dividend payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings.

ChampionX Trading Down 1.7 %

Shares of CHX opened at $29.69 on Friday. The stock has a market capitalization of $5.66 billion, a P/E ratio of 17.99 and a beta of 2.35. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $28.52 and a two-hundred day simple moving average of $29.74. ChampionX has a twelve month low of $25.57 and a twelve month high of $39.95.

ChampionX (NASDAQ:CHX) last posted its earnings results on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. On average, research analysts anticipate that ChampionX will post 1.92 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Citigroup dropped their target price on shares of ChampionX from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 14th.

About ChampionX

ChampionX Corporation provides chemistry solutions, artificial lift systems, and engineered equipment and technologies to oil and gas companies worldwide. The company operates through four segments: Production Chemical Technologies, Production & Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies.