Basf Se (OTCMKTS:BASFY) Announces Dividend Increase – $0.66 Per Share

Basf Se (OTCMKTS:BASFY) declared a dividend on Friday, April 5th, NASDAQ reports. Shareholders of record on Monday, April 29th will be given a dividend of 0.6594 per share by the basic materials company on Friday, May 10th. The ex-dividend date of this dividend is Friday, April 26th. This is a positive change from Basf’s previous dividend of $0.64.

Basf Price Performance

Basf stock opened at $13.70 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 1.98. The company has a market capitalization of $49.56 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 1.12 and a beta of 1.30. The company’s 50 day simple moving average is $13.57 and its 200-day simple moving average is $12.57. Basf has a 1 year low of $10.66 and a 1 year high of $14.89.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings data on Friday, February 23rd. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $17.09 billion during the quarter. Basf had a net margin of 0.32% and a return on equity of 6.25%. As a group, equities research analysts expect that Basf will post 0.85 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Redburn Atlantic upgraded shares of Basf from a “neutral” rating to a “buy” rating in a report on Tuesday, April 9th. BNP Paribas reissued an “underperform” rating on shares of Basf in a report on Monday, April 15th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Basf has an average rating of “Hold”.

About Basf

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.