Corbion (OTCMKTS:CSNVY – Get Free Report) was up 8.3% during mid-day trading on Monday . The company traded as high as $22.73 and last traded at $22.73. Approximately 100 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 226 shares. The stock had previously closed at $20.98.
Corbion Trading Up 8.3%
The company’s 50 day moving average price is $20.43 and its 200 day moving average price is $21.95.
Corbion Increases Dividend
The company also recently declared a dividend, which was paid on Wednesday, June 11th. Shareholders of record on Tuesday, May 20th were paid a dividend of $0.5446 per share. This represents a yield of 2.5%. The ex-dividend date was Monday, May 19th. This is an increase from Corbion’s previous dividend of $0.48. Corbion’s payout ratio is presently 128.66%.
About Corbion
Corbion N.V. provides lactic acid and lactic acid derivatives, other ferment, functional enzyme blends, minerals, vitamins, and algae ingredients worldwide. It offers ingredient solutions for the food, home and personal care, animal nutrition, supplements, pharmaceuticals, medical devices, and bioplastics markets.
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