Cabot Corporation ($CBT) Ex-Dividend Date Scheduled For November 25, 2020

Cabot Corporation (NYSE:CBT) will begin trading ex-dividend on November 25, 2020. The quarterly dividend payment of $ 0.35 per share is scheduled to be paid on December 11, 2020. The dividend yield based on the latest trading day closing price was 3.36 percent. Shareholders who purchased CBT shares prior to the ex-dividend date are eligible for the cash dividend payment.

Dividends History
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Cabot Corporation recently reported third quarter financial results on August 6, 2020, after market close, specialty chemicals firm unfold loss for the third quarter of $ 0.07 per share, from the revenue of $ 518.00 million. The quarterly revenues decreased 38.70 percent compared with the same quarter last year. According to street consensus, CBT was expected to report 3Q20 loss of $ 0.02 per share from revenue of $ 549.37 million. The bottom line results missed street analysts by $ 0.05 or 250 percent, at the same time, top line results fell short of analysts by $ 31.37 million or 5.71 percent.

Stock Performance

Shares of Cabot Corporation traded up $ 0.17 or 0.41 percent on Thursday, reaching $ 41.69 with volume of 335.60 thousand shares. Cabot Corporation has traded high as $ 41.75 and has cracked $ 40.70 on the downward trend

According to the previous trading day, closing price of $ 41.69, representing a 107.60 % increase from the 52 week low of $ 20.00 and a 14.83 % decrease over the 52 week high of $ 48.75.

The company has a market capital of $ 2.35 billion and is part of the Basic Materials sector and Specialty Chemicals industry.

Cabot Corporation operates as a specialty chemicals and performance materials company. The company offers rubber grade carbon blacks used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and compounds of carbon black and rubber. It also provides specialty grades of carbon black used in inks, coatings, plastics, adhesives, toners, batteries, and displays applications; masterbatch and conductive compound products for use in automotive, industrial, packaging, consumer products, and electronics industries; inkjet colorants used in the inkjet printing applications; fumed silica used in adhesives, sealants, cosmetics, batteries, inks, toners, silicone elastomers, coatings, polishing slurries, and pharmaceuticals; fumed alumina used in various products, including inkjet media, lighting, coatings, cosmetics, and polishing slurries; and aerogel, a hydrophobic, silica-based particle for use in various thermal insulation and specialty chemical applications.

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