Calgon Carbon Corporation (NYSE:CCC) declared a quarterly dividend on Monday, November 6th, RTT News reports. Shareholders of record on Tuesday, December 5th will be given a dividend of 0.05 per share by the industrial products company on Friday, December 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Monday, December 4th.
Calgon Carbon Corporation has a payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Calgon Carbon Corporation to earn $0.74 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 27.0%.
Shares of Calgon Carbon Corporation (NYSE:CCC) opened at $21.35 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.68 and a current ratio of 2.80. Calgon Carbon Corporation has a 1 year low of $12.00 and a 1 year high of $22.10. The stock has a market capitalization of $1,087.35, a PE ratio of 49.77 and a beta of 1.20.
A number of equities analysts have recently commented on the company. Zacks Investment Research cut Calgon Carbon Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Robert W. Baird downgraded Calgon Carbon Corporation from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 26th. Sidoti downgraded Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the company from $22.00 to $20.00 in a research note on Monday, September 25th. BidaskClub cut Calgon Carbon Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Janney Montgomery Scott cut Calgon Carbon Corporation from a “neutral” rating to a “sell” rating and set a $21.50 price objective for the company. in a report on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $19.63.
Calgon Carbon Corporation Company Profile
Calgon Carbon Corporation is a manufacturer of activated carbon, with capabilities in ultraviolet (UV) light disinfection. The Company provides purification solutions for drinking water, wastewater, pollution abatement, and a range of industrial and commercial manufacturing processes. The Company operates through four segments: Activated Carbon and Service, Equipment, Consumer and Other.
Receive News & Ratings for Calgon Carbon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calgon Carbon Corporation and related companies with MarketBeat.com's FREE daily email newsletter.