Innospec Inc. (NASDAQ:IOSP) will begin trading ex-dividend on November 16, 2020. The semi-annual dividend payment of $ 0.52 per share is scheduled to be paid on November 25, 2020. The dividend yield based on the latest trading day closing price was 0.86 percent. Shareholders who purchased IOSP shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Innospec Inc. recently reported third quarter financial results on November 3, 2020, after market close, the Englewood based company posted income for the third quarter of $ 0.71 per share, from the revenue of $ 265.10 million. The quarterly earnings dropped 49.29 percent while revenues reduced 28.72 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.34 per share from $ 277.60 million in revenue. The bottom line results beat street analysts by $ 0.37 or 108.82 percent, at the same time, top line results fell short of analysts by $ 12.5 million or 4.5 percent.
Stock Performance
Shares of Innospec Inc. traded low $ -1.53 or -1.96 percent on Thursday, reaching $ 76.64 with volume of 139.20 thousand shares. Innospec Inc. has traded high as $ 78.70 and has cracked $ 75.63 on the downward trend
According to the previous trading day, closing price of $ 76.64, representing a 37.84 % increase from the 52 week low of $ 56.71 and a 27.52 % decrease over the 52 week high of $ 107.85.
The company has a market capital of $ 1.88 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
Innospec Inc. develops, manufactures, blends, markets, and supplies specialty chemicals worldwide. It operates through four segments: Fuel Specialties, Performance Chemicals, Oilfield Services, and Octane Additives.
