OM Group Inc. (OMG) Announces Quarterly Dividend of $0.08

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OM Group (NYSE:OMG) declared a quarterly dividend on Thursday, February 13th, Stock Ratings Network.com reports. Investors of record on Monday, February 24th will be given a dividend of 0.075 per share on Friday, March 7th. This represents a $0.30 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, February 20th.

On the ratings front, analysts at Northcoast Research upgraded shares of OM Group to a “buy” rating in a research note on Thursday, December 12th.

OM Group (NYSE:OMG) traded down 0.20% on Friday, hitting $32.615. 16,210 shares of the company’s stock traded hands. OM Group has a 52-week low of $22.22 and a 52-week high of $37.58. The stock’s 50-day moving average is $34.53 and its 200-day moving average is $32.77. The company’s market cap is $1.043 billion.

OM Group (NYSE:OMG) last announced its earnings results on Thursday, February 13th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.07. The company had revenue of $270.50 million for the quarter, compared to the consensus estimate of $236.80 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. On average, analysts predict that OM Group will post $1.54 earnings per share for the current fiscal year.

OM Group, Inc is a diversified industrial growth company serving attractive global markets, including automotive systems, electronic devices, aerospace, general industrial and renewable energy.

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