Basf Se (OTCMKTS:BASFY) to Issue Dividend of $0.67

Basf Se (OTCMKTS:BASFY – Get Rating) declared a dividend on Friday, April 29th, investing.com reports. Shareholders of record on Tuesday, May 3rd will be given a dividend of 0.6673 per share by the basic materials company on Monday, May 16th. This represents a yield of 4.91%. The ex-dividend date of this dividend is Monday, May 2nd.

OTCMKTS:BASFY opened at $13.60 on Friday. The business’s 50-day moving average is $14.81 and its two-hundred day moving average is $16.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.75 and a quick ratio of 1.05. The firm has a market capitalization of $49.95 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 0.60 and a beta of 1.23. Basf has a 12 month low of $13.04 and a 12 month high of $21.58.

Basf (OTCMKTS:BASFY – Get Rating) last announced its earnings results on Friday, February 25th. The basic materials company reported $0.33 earnings per share for the quarter. The company had revenue of $22.62 billion during the quarter. Basf had a return on equity of 15.20% and a net margin of 7.03%. Equities analysts anticipate that Basf will post 1.49 EPS for the current year.

Several analysts have recently weighed in on BASFY shares. JPMorgan Chase & Co. lowered their target price on Basf from €80.00 ($86.02) to €76.50 ($82.26) and set an “overweight” rating for the company in a research note on Tuesday, March 1st. Morgan Stanley decreased their price target on Basf from €76.00 ($81.72) to €64.00 ($68.82) in a research note on Thursday, March 31st. Berenberg Bank decreased their price target on Basf from €72.00 ($77.42) to €62.00 ($66.67) in a research note on Tuesday, March 1st. UBS Group lifted their price target on Basf from €62.00 ($66.67) to €64.00 ($68.82) and gave the stock a “neutral” rating in a research note on Tuesday, January 18th. Finally, Stifel Nicolaus downgraded Basf from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $61.93.

About Basf (Get Rating)

BASF SE operates as a chemical company worldwide. The company operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems, such as isocyanates and polyamides, as well as inorganic basic products and specialties for plastic and plastic processing industries.

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