Basf Se (OTCMKTS:BASFY) Announces Dividend Increase – $0.66 Per Share

Basf Se (OTCMKTS:BASFY) announced a dividend on Friday, April 5th, NASDAQ reports. Investors of record on Monday, April 29th will be paid a dividend of 0.6594 per share by the basic materials company on Friday, May 10th. The ex-dividend date is Friday, April 26th. This is a boost from Basf’s previous dividend of $0.64.

Basf Stock Performance

OTCMKTS BASFY traded down $0.16 during trading hours on Friday, hitting $14.56. 94,104 shares of the company’s stock traded hands, compared to its average volume of 149,411. The business’s fifty day moving average price is $13.07 and its two-hundred day moving average price is $12.32. The company has a current ratio of 1.98, a quick ratio of 1.11 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $52.67 billion, a P/E ratio of 19.37, a P/E/G ratio of 1.20 and a beta of 1.30. Basf has a 52 week low of $10.66 and a 52 week high of $14.89.

Basf (OTCMKTS:BASFY) last announced its earnings results on Friday, February 23rd. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $17.09 billion for the quarter. Basf had a net margin of 0.32% and a return on equity of 6.25%. Equities research analysts predict that Basf will post 0.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded shares of Basf from a “sell” rating to a “buy” rating in a research report on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Basf Company Profile

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.