Cabot Corporation (CBT) to Issue Quarterly Dividend of $0.47 on June 12th

Cabot Corporation (NYSE:CBT) announced a quarterly dividend on Friday, May 1st. Stockholders of record on Friday, May 29th will be paid a dividend of 0.4725 per share by the specialty chemicals company on Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, May 29th. This is a 5.0% increase from Cabot’s previous quarterly dividend of $0.45.

Cabot has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Cabot has a dividend payout ratio of 23.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cabot to earn $6.93 per share next year, which means the company should continue to be able to cover its $1.89 annual dividend with an expected future payout ratio of 27.3%.

Cabot Trading Up 1.7%

Shares of CBT stock opened at $84.80 on Wednesday. Cabot has a 1 year low of $58.33 and a 1 year high of $86.43. The firm has a fifty day moving average price of $76.48 and a 200-day moving average price of $71.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 0.96. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 10.91 and a beta of 0.78.

Cabot (NYSE:CBT) last issued its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.14. Cabot had a net margin of 7.97% and a return on equity of 21.33%. The firm had revenue of $904.00 million during the quarter, compared to the consensus estimate of $900.31 million. During the same quarter in the previous year, the firm posted $1.90 EPS. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. Cabot has set its FY 2026 guidance at 6.000-6.50 EPS. As a group, equities analysts predict that Cabot will post 6.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CBT shares. Mizuho lifted their target price on shares of Cabot from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. lifted their target price on shares of Cabot from $68.00 to $70.00 and gave the company an “underweight” rating in a research note on Wednesday, May 13th. Jefferies Financial Group restated a “buy” rating and set a $85.00 target price on shares of Cabot in a research note on Wednesday, February 4th. UBS Group lifted their target price on shares of Cabot from $81.00 to $86.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Zacks Research upgraded shares of Cabot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Cabot has an average rating of “Hold” and an average price target of $80.25.

Cabot Company Profile

Cabot Corporation is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. Founded in 1882 by Godfrey Lowell Cabot, the company has grown into a diversified manufacturer with operations across North America, Europe, Asia and Latin America. Cabot serves a wide range of end markets, including automotive, industrial, energy, and consumer products, supplying essential ingredients that enhance performance, durability and functionality.

The company operates two primary segments: Reinforcement Materials and Performance Materials.