Akzo Nobel Plans Dividend of $0.47 (OTCMKTS:AKZOY)

Akzo Nobel (OTCMKTS:AKZOYGet Rating) declared a dividend on Wednesday, April 20th, investing.com reports. Shareholders of record on Wednesday, April 27th will be given a dividend of 0.4748 per share by the basic materials company on Wednesday, May 11th. This represents a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, April 26th.

Shares of Akzo Nobel stock opened at $27.88 on Wednesday. The firm has a 50-day moving average of $29.98 and a 200-day moving average of $34.25. The stock has a market cap of $15.69 billion, a PE ratio of 15.93, a PEG ratio of 1.24 and a beta of 1.10. Akzo Nobel has a 52-week low of $25.45 and a 52-week high of $44.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.76 and a current ratio of 1.10.

Akzo Nobel (OTCMKTS:AKZOYGet Rating) last released its quarterly earnings data on Wednesday, February 9th. The basic materials company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.49). The company had revenue of $2.75 billion for the quarter. Akzo Nobel had a return on equity of 12.82% and a net margin of 8.67%. Equities research analysts predict that Akzo Nobel will post 1.64 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on the stock. Barclays upped their price objective on shares of Akzo Nobel from €109.00 ($117.20) to €113.00 ($121.51) in a research note on Friday, January 28th. Jefferies Financial Group raised shares of Akzo Nobel from an “underperform” rating to a “hold” rating in a research note on Friday, March 18th. UBS Group cut their target price on shares of Akzo Nobel from €95.00 ($102.15) to €85.00 ($91.40) and set a “neutral” rating on the stock in a research note on Monday, April 4th. Morgan Stanley dropped their price objective on shares of Akzo Nobel from €120.00 ($129.03) to €112.00 ($120.43) and set an “overweight” rating on the stock in a research note on Monday, March 28th. Finally, Zacks Investment Research lowered shares of Akzo Nobel from a “hold” rating to a “sell” rating in a research note on Monday, April 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $89.00.

Akzo Nobel Company Profile (Get Rating)

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings for metal, wood, and other building materials.

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Dividend History for Akzo Nobel (OTCMKTS:AKZOY)

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