The Chemours Company (NYSE:CC) will begin trading ex-dividend on November 13, 2020. The quarterly dividend payment of $ 0.25 per share is scheduled to be paid on December 16, 2020. The dividend yield based on the latest trading day closing price was 4.45 percent. Shareholders who purchased CC shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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The Chemours Company recently reported second quarter financial results on July 30, 2020, after market close, provider of performance chemicals unwinded income for the second quarter of $ 0.18 per share, from the revenue of $ 1,093.00 million. The quarterly earnings reduced 75.00 percent while revenues contracted 22.37 percent compared with the same quarter last year.
Wall street analysts are predicting, CC to report 2Q20 income of $ 0.10 per share from revenue of $ 1086.84 million. The bottom line results beat street analysts by $ 0.08 or 80.00 percent, at the same time, top line results outshined analysts by $ 6.16 million or 0.57 percent.
Stock Performance
Shares of The Chemours Company traded up $ 0.04 or 0.18 percent on Wednesday, reaching $ 22.47 with volume of 1.07 million shares. The Chemours Company has traded high as $ 22.87 and has cracked $ 22.12 on the downward trend
The closing price of $ 22.47, representing a 219.52 % increase from the 52 week low of $ 7.02 and a 9.19 % decrease over the 52 week high of $ 24.70.
The company has a market capital of $ 3.70 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. It operates through three segments: Fluoroproducts, Chemical Solutions, and Titanium Technologies. The Fluoroproducts segment offers fluorochemicals, including refrigerants, industrial coolers, air conditionings, foam blowing agents, propellants, and fire suppression products under the Freon and Opteon brand names; and fluoropolymers, such as industrial resins, specialty products, and coatings under the Teflon, Viton, Krytox, and Nafion brands.
