Brenntag SE (OTCMKTS:BNTGY) Increases Dividend to $0.27 Per Share

Brenntag SE (OTCMKTS:BNTGY) declared a dividend on Tuesday, May 20th, investing.com reports. Stockholders of record on Monday, May 26th will be paid a dividend of 0.2696 per share on Wednesday, June 11th. This represents a dividend yield of 2%. The ex-dividend date of this dividend is Friday, May 23rd. This is a 441.6% increase from Brenntag’s previous dividend of $0.05.

Brenntag Stock Performance

BNTGY opened at $13.48 on Wednesday. The stock has a fifty day moving average of $13.11 and a 200-day moving average of $12.80. The company has a market capitalization of $9.73 billion, a P/E ratio of 16.64 and a beta of 0.93. Brenntag has a fifty-two week low of $11.09 and a fifty-two week high of $15.07.

Brenntag (OTCMKTS:BNTGY) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). Brenntag had a return on equity of 12.24% and a net margin of 3.36%. On average, equities research analysts predict that Brenntag will post 0.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, DZ Bank downgraded Brenntag from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, May 15th.

About Brenntag

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Germany, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments, Brenntag Essentials and Brenntag Specialties. It provides just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling.