Solvay SA (OTC:SLVYY) Declares $0.13 Dividend

Solvay SA (OTC:SLVYYGet Rating) announced a dividend on Saturday, May 14th, investing.com reports. Investors of record on Wednesday, May 18th will be paid a dividend of 0.1289 per share on Friday, June 3rd. This represents a yield of 2.21%. The ex-dividend date is Tuesday, May 17th.

Shares of OTC:SLVYY opened at $9.66 on Friday. Solvay has a 12 month low of $8.75 and a 12 month high of $13.40. The business’s 50 day moving average price is $9.84.

SLVYY has been the topic of several recent analyst reports. Societe Generale raised Solvay from a “hold” rating to a “buy” rating in a report on Wednesday, February 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Solvay from €135.00 ($142.11) to €120.00 ($126.32) and set a “buy” rating on the stock in a research report on Tuesday, April 5th. JPMorgan Chase & Co. lowered their price objective on shares of Solvay from €150.00 ($157.89) to €147.00 ($154.74) and set an “overweight” rating on the stock in a research report on Thursday, March 17th. Credit Suisse Group lowered their price objective on shares of Solvay from €121.00 ($127.37) to €98.00 ($103.16) and set an “outperform” rating on the stock in a research report on Friday, April 8th. Finally, UBS Group lifted their price objective on shares of Solvay from €93.00 ($97.89) to €94.00 ($98.95) and gave the stock a “sell” rating in a research report on Tuesday, January 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Solvay presently has a consensus rating of “Buy” and a consensus price target of $114.75.

Solvay Company Profile (Get Rating)

Solvay SA operates as an advanced materials and specialty chemicals worldwide. It operates through four segments: Materials, Chemicals, Solutions, and Corporate & Business Services. The Materials segment offers specialty polymers, including aromatic polymers, high barrier polymers, and fluoropolymers for the electronics, automotive, aircraft, and healthcare industries; and composite materials for civil and military aircraft manufacturers, as well as various industrial markets.

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