Akzo Nobel (OTCMKTS:AKZOY – Get Free Report)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $20.26 and last traded at $20.44, with a volume of 103242 shares traded. The stock had previously closed at $20.66.
Analyst Ratings Changes
Separately, The Goldman Sachs Group raised Akzo Nobel from a “sell” rating to a “neutral” rating in a research report on Thursday, April 25th.
Get Our Latest Analysis on Akzo Nobel
Akzo Nobel Trading Down 1.1 %
Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The basic materials company reported $0.26 earnings per share for the quarter. Akzo Nobel had a net margin of 4.15% and a return on equity of 11.52%. The business had revenue of $2.88 billion for the quarter. Research analysts expect that Akzo Nobel will post 1.5 EPS for the current fiscal year.
Akzo Nobel Increases Dividend
The firm also recently announced a dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th were given a $0.4498 dividend. This is an increase from Akzo Nobel’s previous dividend of $0.11. The ex-dividend date was Monday, April 29th. Akzo Nobel’s payout ratio is currently 95.74%.
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.
Further Reading
- Five stocks we like better than Akzo Nobel
- Market Cap Calculator: How to Calculate Market Cap
- BlackBerry Stock: Strong Earnings, Profitability Challenges Ahead
- Earnings Per Share Calculator: How to Calculate EPS
- Progress Software Stock Back in the Green After Beating Forecasts
- Pros And Cons Of Monthly Dividend Stocks
- Goldman Sachs Raises Stock Target for Affirm: Key Insights
Receive News & Ratings for Akzo Nobel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akzo Nobel and related companies with MarketBeat.com's FREE daily email newsletter.