Fuchs Petrolub SE (OTCMKTS:FUPBY) Plans Dividend Increase – $0.19 Per Share

Fuchs Petrolub SE (OTCMKTS:FUPBY) declared an annual dividend on Tuesday, April 6th, Zacks reports. Stockholders of record on Thursday, May 6th will be paid a dividend of 0.189 per share on Monday, May 24th. This represents a dividend yield of 1.53%. The ex-dividend date is Wednesday, May 5th. This is a positive change from Fuchs Petrolub’s previous annual dividend of $0.17.

Shares of FUPBY opened at $12.36 on Thursday. Fuchs Petrolub has a 1 year low of $8.52 and a 1 year high of $14.92. The stock has a 50 day simple moving average of $12.92 and a 200-day simple moving average of $13.63.

A number of equities research analysts recently commented on the company. Berenberg Bank restated a “buy” rating on shares of Fuchs Petrolub in a research report on Wednesday, January 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Fuchs Petrolub in a research report on Wednesday, March 10th. Kepler Capital Markets upgraded Fuchs Petrolub from a “hold” rating to a “buy” rating in a research report on Tuesday, January 12th. DZ Bank restated a “neutral” rating on shares of Fuchs Petrolub in a research report on Wednesday, March 10th. Finally, Zacks Investment Research lowered Fuchs Petrolub from a “hold” rating to a “sell” rating in a research report on Wednesday, March 17th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $16.00.

Fuchs Petrolub Company Profile

Fuchs Petrolub SE develops, produces, and sells lubricants and related specialties worldwide. It offers engine and gear oils, central hydraulic oils, greases, shock absorber fluids, biodegradable lubricants; service fluids and dry coating products; multi-purpose/long-life, wheel bearing, food grade, and biodegradable greases; greases for plain and roller bearings, extreme temperatures, rail vehicles, machine tools, and central lubricating systems; gear boxes; and assembly pastes and greases in spray cans; slide way, hydraulic, refrigeration, compressor, machine, textile machine, industrial, turbine, and cylinder oils; and biodegradable, open gear, and chain lubricants, as well as release agents.

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