Braskem SA ADR (OTCMKTS:BRKMY) Declares Annual Dividend of $0.37

Braskem SA ADR (OTCMKTS:BRKMY) announced an annual dividend on Thursday, September 19th, Zacks reports. Shareholders of record on Monday, October 7th will be given a dividend of 0.365 per share by the energy company on Friday, January 10th. This represents a yield of 2.35%. The ex-dividend date of this dividend is Friday, October 4th.

BRKMY traded up $0.25 during trading on Wednesday, reaching $14.92. The stock had a trading volume of 3,956 shares, compared to its average volume of 91,228. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 7.57 and a beta of 1.10. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 3.34. Braskem has a 1-year low of $12.31 and a 1-year high of $30.38. The stock has a 50 day moving average of $14.77 and a two-hundred day moving average of $19.68.

Braskem (OTCMKTS:BRKMY) last released its earnings results on Wednesday, August 7th. The energy company reported $0.08 earnings per share for the quarter. The firm had revenue of $3.40 billion during the quarter. Braskem had a return on equity of 26.70% and a net margin of 3.18%. On average, research analysts forecast that Braskem will post 0.88 EPS for the current fiscal year.

Separately, ValuEngine upgraded Braskem from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 4th.

About Braskem

Braskem SA, together with its subsidiaries, produces and sells thermoplastic resins. The company operates through Chemicals, Polyolefins, Vinyls, United States and Europe, and Mexico segments. The Chemicals segment produces and sells ethylene, propylene butadiene, toluene, xylene, cumene, and benzene, as well as gasoline, diesel and liquefied petroleum gas, and other petroleum derivatives; and supplies electric energy, steam, compressed air, and other inputs to second-generation producers.

Further Reading: Beta

Dividend History for Braskem (OTCMKTS:BRKMY)

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