LANXESS Aktiengesellschaft (OTCMKTS:LNXSF) Shares Down 3.6% – Here’s What Happened

LANXESS Aktiengesellschaft (OTCMKTS:LNXSF) shares dropped 3.6% during mid-day trading on Wednesday . The stock traded as low as $28.52 and last traded at $29.20. Approximately 385 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 1,035 shares. The stock had previously closed at $30.30.

LANXESS Aktiengesellschaft Stock Down 3.6%

The company has a 50 day simple moving average of $30.06 and a 200-day simple moving average of $28.73.

LANXESS Aktiengesellschaft Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 26th were given a dividend of $0.10 per share. This represents a dividend yield of 0.36%. The ex-dividend date of this dividend was Friday, May 23rd. LANXESS Aktiengesellschaft’s payout ratio is -48.53%.

LANXESS Aktiengesellschaft Company Profile

LANXESS Aktiengesellschaft, together with its subsidiaries, operates as a specialty chemicals company that engages in the development, manufacture, and marketing of chemical intermediates, additives, specialty chemicals, and consumer protection products worldwide. It operates through three segments: Consumer Protection, Specialty Additives, and Advanced Intermediates.