Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Celanese Demonstrates Strong Performance and Increased Profits, Maximizing Returns for Shareholders

Author: Benzinga Insights | March 05, 2024 11:05am

Today, March 05, 2024, Celanese (NYSE:CE) will distribute a dividend payout of $0.70 per share, highlighting an annualized dividend yield of 1.89%. Shareholders who owned the stock before the ex-dividend date on February 16, 2024 will be eligible for this payout.

Celanese Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2024-02-16 4 $0.7 1.89% 2024-02-07 2024-02-20 2024-03-05
2023-10-27 4 $0.7 2.29% 2023-10-18 2023-10-30 2023-11-13
2023-07-28 4 $0.7 2.26% 2023-07-19 2023-07-31 2023-08-14
2023-04-28 4 $0.7 2.56% 2023-04-19 2023-05-01 2023-05-15
2023-02-17 4 $0.7 2.26% 2023-02-08 2023-02-21 2023-03-07
2022-10-28 4 $0.7 2.95% 2022-10-19 2022-10-31 2022-11-14
2022-07-22 4 $0.68 2.44% 2022-07-13 2022-07-25 2022-08-08
2022-04-27 4 $0.68 1.87% 2022-04-19 2022-04-28 2022-05-12
2022-02-18 4 $0.68 1.72% 2022-02-09 2022-02-22 2022-03-08
2021-10-29 4 $0.68 1.65% 2021-10-20 2021-11-01 2021-11-15
2021-07-23 4 $0.68 1.76% 2021-07-14 2021-07-26 2021-08-09
2021-04-23 4 $0.68 1.79% 2021-04-14 2021-04-26 2021-05-10

Celanese's dividend yield falls in the middle range when compared to its industry peers, with Eastman Chemical (NYSE:EMN) having the highest annualized dividend yield at 3.67%.

Analyzing Celanese Financial Health

Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.

YoY Growth in Dividend Per Share

dividend chart graph

During the period of 2020 to 2023, the company experienced a notable growth in its dividend per share. The dividend per share increased from $2.48 to $2.80, reflecting the company's focus on providing greater returns to its shareholders.

YoY Earnings Growth For Celanese

earning chart graph

From 2020 to 2023, Celanese experienced a growth in earnings per share, with an increase from $7.53 to $8.12. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.

Recap

This article provides an in-depth analysis of Celanese's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.70 per share, resulting in an annualized dividend yield of 1.89%.

Celanese's dividend yield falls in the middle range when compared to its industry peers, with Eastman Chemical having the highest annualized dividend yield at 3.67%.

The upward trend in dividend per share and earnings per share for Celanese from 2020 to 2023 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.

To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.

\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: CE EMN

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist