Cabot Corporation (CBT) to Issue Quarterly Dividend of $0.47 on June 12th

Cabot Corporation (NYSE:CBT) declared a quarterly dividend on Monday, May 4th. Shareholders of record on Friday, May 29th will be given a dividend of 0.4725 per share by the specialty chemicals company on Friday, June 12th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, May 29th. This is a 5.0% increase from Cabot’s previous quarterly dividend of $0.45.

Cabot has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 14 consecutive years. Cabot has a payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Cabot to earn $6.87 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 26.2%.

Cabot Price Performance

CBT stock opened at $78.97 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.09 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $4.12 billion, a P/E ratio of 13.83, a PEG ratio of 10.00 and a beta of 0.78. The business has a 50 day simple moving average of $73.67 and a 200-day simple moving average of $70.26. Cabot has a twelve month low of $58.33 and a twelve month high of $83.71.

Cabot (NYSE:CBT) last released its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.47 by $0.14. The firm had revenue of $904.00 million during the quarter, compared to the consensus estimate of $900.31 million. Cabot had a net margin of 8.62% and a return on equity of 22.82%. Cabot’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.90 EPS. Cabot has set its FY 2026 guidance at 6.000-6.50 EPS. As a group, equities analysts anticipate that Cabot will post 6.27 EPS for the current year.

Wall Street Analyst Weigh In

CBT has been the topic of a number of recent research reports. UBS Group lifted their price objective on shares of Cabot from $74.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Mizuho set a $75.00 price target on Cabot and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Jefferies Financial Group restated a “buy” rating and issued a $85.00 price target on shares of Cabot in a research report on Wednesday, February 4th. Finally, Zacks Research raised Cabot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Cabot currently has an average rating of “Hold” and a consensus price target of $73.75.

Cabot Company Profile

Cabot Corporation is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. Founded in 1882 by Godfrey Lowell Cabot, the company has grown into a diversified manufacturer with operations across North America, Europe, Asia and Latin America. Cabot serves a wide range of end markets, including automotive, industrial, energy, and consumer products, supplying essential ingredients that enhance performance, durability and functionality.

The company operates two primary segments: Reinforcement Materials and Performance Materials.