Celanese Corporation (CE) to Issue Quarterly Dividend of $0.03 on November 10th

Celanese Corporation (NYSE:CE) announced a quarterly dividend on Wednesday, October 14th. Stockholders of record on Tuesday, October 27th will be given a dividend of $0.03 per share by the basic materials company on Tuesday, November 10th. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, October 27th.

Celanese has decreased its dividend by an average of 0.5% annually over the last three years. Celanese has a dividend payout ratio of 1.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Celanese to earn $5.93 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 2.0%.

Celanese Stock Performance

Celanese stock opened at $46.48 on Friday. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.87 and a current ratio of 1.45. The company has a market capitalization of $5.10 billion, a PE ratio of -4.35, a P/E/G ratio of 0.30 and a beta of 0.76. The company has a 50 day moving average price of $45.37 and a 200-day moving average price of $51.14. Celanese has a fifty-two week low of $35.13 and a fifty-two week high of $70.70.

Celanese (NYSE:CE) last announced its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.22. The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%. Celanese’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.44 earnings per share. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. As a group, equities analysts forecast that Celanese will post 5.94 earnings per share for the current year.

Insider Activity

In related news, SVP Mark Murray purchased 2,153 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $45.52 per share, for a total transaction of $98,004.56. Following the acquisition, the senior vice president owned 30,432 shares of the company’s stock, valued at $1,385,264.64. The trade was a 7.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Celanese

A number of institutional investors have recently added to or reduced their stakes in the stock. Childress Capital Advisors LLC raised its holdings in Celanese by 3.6% in the first quarter. Childress Capital Advisors LLC now owns 5,587 shares of the basic materials company’s stock worth $367,000 after purchasing an additional 192 shares in the last quarter. AdvisorNet Financial Inc grew its position in shares of Celanese by 14.5% in the 1st quarter. AdvisorNet Financial Inc now owns 1,815 shares of the basic materials company’s stock worth $119,000 after buying an additional 230 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Celanese by 7.1% in the 1st quarter. Bessemer Group Inc. now owns 3,970 shares of the basic materials company’s stock worth $262,000 after buying an additional 262 shares during the last quarter. Fruth Investment Management grew its position in shares of Celanese by 3.4% in the 1st quarter. Fruth Investment Management now owns 9,115 shares of the basic materials company’s stock worth $599,000 after buying an additional 300 shares during the last quarter. Finally, Twin Capital Management Inc. raised its stake in shares of Celanese by 1.8% during the 1st quarter. Twin Capital Management Inc. now owns 18,619 shares of the basic materials company’s stock worth $1,225,000 after acquiring an additional 329 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

About Celanese

Celanese Corporation (NYSE: CE) is a global chemical and specialty materials company that develops and manufactures products used in a wide range of industries, including automotive, consumer goods, medical, electronics, food, paints and coatings, and industrial manufacturing. The company serves customers through operations and commercial activities across North America, Europe, Asia and other international markets.

Celanese operates primarily through its Engineered Materials and Acetyl Chain businesses.