Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHY) Announces $0.01 Dividend

Orbia Advance Co., S.A.B. de C.V. (OTCMKTS:MXCHYGet Rating) declared a dividend on Saturday, May 7th, investing.com reports. Shareholders of record on Friday, May 13th will be given a dividend of 0.0055 per share by the basic materials company on Thursday, May 19th. This represents a dividend yield of 5.07%. The ex-dividend date is Thursday, May 12th.

OTCMKTS:MXCHY opened at $4.89 on Friday. The company has a fifty day simple moving average of $5.05 and a two-hundred day simple moving average of $5.15. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.92 and a current ratio of 1.41. Orbia Advance has a 52 week low of $4.28 and a 52 week high of $6.50.

A number of brokerages have recently commented on MXCHY. Scotiabank reaffirmed a “sector perform” rating on shares of Orbia Advance in a report on Wednesday, April 27th. Zacks Investment Research raised shares of Orbia Advance from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a report on Friday, April 22nd.

Orbia Advance Company Profile (Get Rating)

Orbia Advance Corporation, SAB. de C.V. provides products and solutions for precision agriculture, building and infrastructure, fluor, polymer, and data communications sectors worldwide. The company offers irrigation systems, digital agricultural technologies, and related services; and data communications infrastructure, including conduits, and cables and fiber optics, as well as pressurized pipes for natural gas and other solutions.

Further Reading

Dividend History for Orbia Advance (OTCMKTS:MXCHY)

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