Celanese Corporation (NYSE:CE) Announces Quarterly Dividend of $0.03

Celanese Corporation (NYSE:CE) announced a quarterly dividend on Wednesday, October 14th. Stockholders of record on Tuesday, October 27th will be given a dividend of $0.03 per share by the basic materials company on Tuesday, November 10th. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, October 27th.

Celanese has decreased its dividend payment by an average of 0.5% annually over the last three years. Celanese has a dividend payout ratio of 1.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Celanese to earn $6.11 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 2.0%.

Celanese Stock Performance

Shares of NYSE CE opened at $45.81 on Thursday. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.87 and a current ratio of 1.45. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 8.42, a P/E/G ratio of 0.29 and a beta of 0.76. The business’s 50-day simple moving average is $45.32 and its 200-day simple moving average is $51.26. Celanese has a 52 week low of $35.13 and a 52 week high of $70.70.

Celanese (NYSE:CE) last issued its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.22. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period last year, the business earned $1.44 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. As a group, equities research analysts expect that Celanese will post 5.94 earnings per share for the current fiscal year.

Insider Activity

In other Celanese news, SVP Mark Murray purchased 2,153 shares of the stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of $45.52 per share, with a total value of $98,004.56. Following the completion of the transaction, the senior vice president owned 30,432 shares in the company, valued at $1,385,264.64. This trade represents a 7.61% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Celanese

Several large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Celanese during the 2nd quarter valued at approximately $614,675,000. Turtle Creek Asset Management Inc. increased its position in Celanese by 18.1% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 2,547,744 shares of the basic materials company’s stock worth $167,565,000 after buying an additional 391,204 shares during the period. Dimensional Fund Advisors LP increased its position in Celanese by 83.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,187,235 shares of the basic materials company’s stock worth $143,849,000 after buying an additional 993,193 shares during the period. Bank of America Corp DE bought a new position in Celanese in the 2nd quarter worth approximately $62,580,000. Finally, Pine Valley Investments Ltd Liability Co increased its position in Celanese by 8.4% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 836,733 shares of the basic materials company’s stock worth $55,032,000 after buying an additional 65,155 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

About Celanese

Celanese Corporation (NYSE: CE) is a global chemical and specialty materials company that develops and manufactures products used in a wide range of industries, including automotive, consumer goods, medical, electronics, food, paints and coatings, and industrial manufacturing. The company serves customers through operations and commercial activities across North America, Europe, Asia and other international markets.

Celanese operates primarily through its Engineered Materials and Acetyl Chain businesses.