Cabot Corporation (NYSE:CBT) Announces Quarterly Dividend of $0.45

Cabot Corporation (NYSE:CBT) declared a quarterly dividend on Thursday, November 13th. Stockholders of record on Friday, November 28th will be given a dividend of 0.45 per share by the specialty chemicals company on Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, November 28th.

Cabot has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 14 years. Cabot has a payout ratio of 22.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cabot to earn $8.37 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 21.5%.

Cabot Price Performance

Shares of NYSE CBT traded down $1.36 during mid-day trading on Friday, reaching $60.87. 69,846 shares of the company traded hands, compared to its average volume of 421,552. Cabot has a fifty-two week low of $58.99 and a fifty-two week high of $115.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.13 and a quick ratio of 1.41. The stock has a fifty day simple moving average of $71.89 and a 200-day simple moving average of $75.06. The firm has a market cap of $3.24 billion, a PE ratio of 7.96 and a beta of 0.90.

Cabot (NYSE:CBT) last released its earnings results on Monday, November 3rd. The specialty chemicals company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.02). The business had revenue of $899.00 million during the quarter, compared to the consensus estimate of $967.02 million. Cabot had a return on equity of 25.68% and a net margin of 11.14%.The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.80 earnings per share. Cabot has set its FY 2026 guidance at 6.000-7.00 EPS. Equities research analysts anticipate that Cabot will post 7.57 EPS for the current fiscal year.

Cabot Company Profile

Cabot Corporation operates as a specialty chemicals and performance materials company. The company operates through two segments, Reinforcement Materials and Performance Chemicals. It offers reinforcing carbons that are used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and engineered elastomer composites solutions.