Umicore SA (OTCMKTS:UMICY) Declares $0.04 Dividend

Umicore SA (OTCMKTS:UMICYGet Rating) declared a dividend on Wednesday, August 17th, investing.com reports. Shareholders of record on Monday, August 22nd will be given a dividend of 0.0393 per share on Wednesday, September 7th. This represents a yield of 1.39%. The ex-dividend date of this dividend is Friday, August 19th.

Umicore Stock Performance

Shares of OTCMKTS:UMICY opened at $9.25 on Wednesday. The business has a fifty day moving average of $8.99 and a 200-day moving average of $9.82. Umicore has a twelve month low of $7.87 and a twelve month high of $17.13.

Wall Street Analyst Weigh In

UMICY has been the subject of several research reports. Citigroup lowered their price objective on shares of Umicore from €46.00 ($46.94) to €42.00 ($42.86) and set a “buy” rating for the company in a research report on Tuesday, July 26th. Barclays boosted their price objective on shares of Umicore from €32.00 ($32.65) to €34.00 ($34.69) and gave the stock an “underweight” rating in a research report on Friday, April 22nd. Finally, Morgan Stanley increased their price objective on Umicore from €30.00 ($30.61) to €32.00 ($32.65) and gave the company an “equal weight” rating in a research report on Tuesday, August 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $41.60.

About Umicore

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Umicore SA operates as a materials technology and recycling company worldwide. The company operates through Catalysis, Energy & Surface Technologies, and Recycling segments. The Catalysis segment produces automotive catalysts for gasoline, and diesel light and heavy-duty diesel applications; stationary catalysis for industrial emissions control; and precious metals-based compounds and catalysts for use in the pharmaceutical and fine chemicals industries, as well as fuel cell applications.

Further Reading

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