Dividend Growth of Celanese Corporation(CE)

Celanese Corporation(CE) is having a Dividend Yield of 1.62% with the Annual cash Dividend per share of $1.38. The last quarter cash dividend per share pay out was $0.36. Celanese Corporation has a 5 year average dividend yield of 1.39% and the stock has a Indicated annual dividend of $1.44. Celanese Corporation(CE) formally announced its most recent dividend on February 10, 2017 with a Dividend per share of $0.36. The new indicated annual dividend based on announced dividend per share is $1.44. The dividend yield based on the forward looking indicated annual dividend is 1.62%. Celanese Corporation(CE) has the most recent dividend payout ratio of 0.22 with a 5-year average payout ratio of 0.16. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.06. The 5 year historical dividend growth of Celanese Corporation(CE) is at the rate of 51.6% while the R-Squared dividend growth is 0.89. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Celanese Corporation (NYSE:CE) rose 0.39% or 0.35 points on Thursday and made its way into the gainers of the day. After trading began at $88.64 the stock was seen hitting $89.94 as a peak level and $88.64 as the lowest level. The stock ended up at $89.03. The daily volume was measured at 819,849 shares. The 52-week high of the share price is $89.94 and the 52-week low is $57.41. The company has a market cap of $12,547 million. Shares of Celanese Corporation rose by 1.33% in the last five trading days and 7.84% for the last 4 weeks. Celanese Corporation is up 13.15% in the last 3-month period. Year-to-Date the stock performance stands at 13.07%.

Currently the company Insiders own 0.49% of Celanese Corporation shares according to the proxy statements. Institutional Investors own 98.08% of Celanese Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -41.01%. Company has reported several Insider transactions to the SEC, on Feb 14, 2017, Kevin S Oliver (Chief Acctg Officer/Controller) sold 2,327 shares at 87.74 per share price.On Nov 9, 2016, Lori A Johnston (EVP & CAO) sold 83,829 shares at 72.30 per share price.On Oct 26, 2016, Gjon N Jr Nivica (SVP and General Counsel) sold 25,000 shares at 71.36 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Cowen on Feb 15, 2017 to Outperform, Raises Price Target to $ 99 from a previous price target of $88 .Celanese Corporation was Upgraded by Citigroup to Buy on Feb 2, 2017. Company shares were Upgraded by RBC Capital Mkts on Dec 13, 2016 to Outperform, Raises Price Target to $ 100 from a previous price target of $76 .Company shares were Reiterated by Cowen on Dec 1, 2016 to Outperform, Raises Price Target to $ 88 from a previous price target of $80 .Celanese Corporation was Upgraded by Goldman to Buy on Nov 30, 2016.

Celanese Corporation Last issued its quarterly earnings results on Feb 1, 2017. The company reported $1.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $1.51. The company had revenue of $1311.00 million for the quarter, compared to analysts expectations of $1290.89 million. The companys revenue was down -1.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.25 EPS.

Celanese is an integrated global producer of value-added industrial chemicals. They are the worlds largest producer of acetyl products, including acetic acid, vinyl acetate monomer and polyacetals and a leading global producer of high-performance engineered polymers used in consumer and industrial products and designed to meet highly technical customer requirements. Their operations are located in North America, Europe and Asia, including substantial joint ventures in China.


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