Akzo Nobel (AKZOY) to Issue Dividend of $0.45 on May 14th

Akzo Nobel (OTCMKTS:AKZOY) announced a dividend on Saturday, March 30th, NASDAQ reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.4498 per share by the basic materials company on Tuesday, May 14th. The ex-dividend date is Monday, April 29th. This is a positive change from Akzo Nobel’s previous dividend of $0.11.

Akzo Nobel Price Performance

OTCMKTS:AKZOY opened at $22.38 on Friday. The firm has a market capitalization of $11.47 billion, a price-to-earnings ratio of 19.73, a P/E/G ratio of 0.70 and a beta of 1.27. Akzo Nobel has a 52-week low of $21.47 and a 52-week high of $29.03. The stock has a fifty day moving average of $24.02 and a 200 day moving average of $24.69. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 1.06.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings data on Tuesday, April 23rd. The basic materials company reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $2.88 billion during the quarter. Akzo Nobel had a return on equity of 11.52% and a net margin of 4.15%. On average, research analysts expect that Akzo Nobel will post 1.46 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised Akzo Nobel from a “sell” rating to a “neutral” rating in a research note on Thursday.

About Akzo Nobel

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.