GrafTech International Ltd Declares Quarterly Dividend of $0.09 (EAF)

GrafTech International Ltd (NYSE:EAF) announced a quarterly dividend on Monday, February 11th, Wall Street Journal reports. Shareholders of record on Thursday, February 28th will be paid a dividend of 0.085 per share on Friday, March 29th. This represents a $0.34 annualized dividend and a yield of 2.57%. The ex-dividend date is Wednesday, February 27th.

EAF traded up $0.09 on Monday, hitting $13.24. 1,347,280 shares of the company’s stock were exchanged, compared to its average volume of 1,202,692. GrafTech International has a fifty-two week low of $10.27 and a fifty-two week high of $24.36. The stock has a market cap of $3.82 billion and a PE ratio of 4.61.

GrafTech International (NYSE:EAF) last announced its quarterly earnings results on Friday, February 8th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.08. The firm had revenue of $532.80 million for the quarter, compared to analysts’ expectations of $487.67 million. GrafTech International had a net margin of 45.06% and a negative return on equity of 111.10%. The company’s revenue was up 176.8% on a year-over-year basis. On average, sell-side analysts predict that GrafTech International will post 3.5 EPS for the current year.



EAF has been the topic of several recent research reports. Vertical Group cut shares of GrafTech International from a “buy” rating to a “sell” rating in a research report on Monday, November 12th. BMO Capital Markets lowered their price target on shares of GrafTech International from $28.00 to $26.00 and set an “outperform” rating on the stock in a research report on Monday, November 5th. Royal Bank of Canada lowered their price target on shares of GrafTech International from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 6th. Finally, Zacks Investment Research raised shares of GrafTech International from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Tuesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $25.33.

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About GrafTech International

GrafTech International Ltd. researches, develops, manufactures, and sells synthetic and natural graphite and carbon based products worldwide. It offers graphite electrodes, which are components of the conductive power systems used to produce steel and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes.

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