Akzo Nobel (OTCMKTS:AKZOY) Declares Dividend of $0.45

Akzo Nobel (OTCMKTS:AKZOY) announced a dividend on Saturday, March 30th, NASDAQ reports. Shareholders of record on Tuesday, April 30th will be paid a dividend of 0.4498 per share by the basic materials company on Tuesday, May 14th. The ex-dividend date is Monday, April 29th. This is an increase from Akzo Nobel’s previous dividend of $0.11.

Akzo Nobel Trading Up 2.2 %

Shares of AKZOY opened at $22.38 on Friday. The firm has a fifty day simple moving average of $24.02 and a two-hundred day simple moving average of $24.69. Akzo Nobel has a twelve month low of $21.47 and a twelve month high of $29.03. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $11.47 billion, a P/E ratio of 23.81, a PEG ratio of 0.70 and a beta of 1.27.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Tuesday, April 23rd. The basic materials company reported $0.26 EPS for the quarter. Akzo Nobel had a net margin of 4.15% and a return on equity of 11.52%. The firm had revenue of $2.88 billion during the quarter. On average, research analysts anticipate that Akzo Nobel will post 1.46 EPS for the current year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of Akzo Nobel from a “sell” rating to a “neutral” rating in a research report on Thursday.

About Akzo Nobel

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.