MEXICHEM SAB DE/ADR (OTCMKTS:MXCHY) declared a quarterly dividend on Friday, November 29th, Zacks reports. Shareholders of record on Monday, December 9th will be paid a dividend of 0.046 per share by the basic materials company on Friday, December 13th. This represents a $0.18 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Friday, December 6th. This is an increase from MEXICHEM SAB DE/ADR’s previous quarterly dividend of $0.04.
Shares of MXCHY stock remained flat at $$4.02 during trading hours on Wednesday. MEXICHEM SAB DE/ADR has a twelve month low of $3.91 and a twelve month high of $5.89. The stock has a fifty day simple moving average of $4.02 and a two-hundred day simple moving average of $4.19. The company has a current ratio of 1.15, a quick ratio of 0.83 and a debt-to-equity ratio of 1.02.
Separately, Zacks Investment Research downgraded shares of MEXICHEM SAB DE/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, September 26th.
Mexichem, SAB. de C.V. manufactures and markets chemical and petrochemicals, and plastic pipes and connectors worldwide. It operates through three segments: Vinyl, Fluor, and Fluent. The company offers base chemicals, specialty resins, polyvinyl chloride (PVC) resins, compounds, phthalic anhydride and plasticizers, phosphates, and other chemicals for the automotive, industrial, medical, home, lawn and garden, building and construction, wire and cable, clothing, food and beverages, healthcare, packaging, paints, inks and colorants, and other markets.
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