Covestro AG (OTCMKTS:COVTY) declares a dividend of $1.36

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Covestro S.A. (OTCMKTS:COVTY – Get Rating) announced a dividend on Tuesday, April 19, investing.com reports. Shareholders of record on Monday April 25 will receive a dividend of 1.3605 per share on Friday May 6. This represents a return of 5.92%. The ex-date of this dividend is Friday, April 22.

Shares of OTCMKTS:COVTY opened at $23.00 on Tuesday. The company’s fifty-day moving average price is $26.24 and its two-hundred-day moving average price is $29.43. The stock has a market capitalization of $8.89 billion, a PE ratio of 5.93, a growth price-earnings ratio of 0.20 and a beta of 1.27. The company has a debt ratio of 0.32, a quick ratio of 1.30 and a current ratio of 2.13. Covestro has a one-year low of $21.74 and a one-year high of $36.23.

Several equity research analysts have recently released COVTY stock reports. Morgan Stanley lowered its price target on Covestro from €64.00 ($68.82) to €62.00 ($66.67) in a Monday, March 28 report. Zacks Investment Research upgraded Covestro from a “hold” rating to a “sell” rating in a Tuesday, March 29 report. Stifel Nicolaus upgraded Covestro from a “buy” rating to a “hold” rating in a Wednesday, April 13 report. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on Covestro from €74.00 ($79.57) to €72.00 ($77.42) and set a “buy” rating on the stock in a report of Wednesday 6 April. An equity research analyst rated the stock with a sell rating, five gave the company a hold rating and six gave the company a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $59.60.

Covestro Company Profile (Get a rating)

Covestro AG supplies high-tech polymer materials and related application solutions. It operates in two segments, Performance Materials and Solutions & Specialties. The Performance Materials segment develops, produces and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), tolylene diisocyanate, long-chain polyols and polycarbonate resins for use in furniture and wood. process, construction, automotive and transportation industries, as well as roof structures, building and refrigerator insulation, mattresses, car seats and other applications.

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