Brenntag SE (OTCMKTS:BNTGY) Increases Dividend to $0.21 Per Share

Brenntag SE (OTCMKTS:BNTGY) declared an annual dividend on Friday, May 21st, Zacks reports. Investors of record on Monday, June 14th will be given a dividend of 0.214 per share on Wednesday, June 30th. This represents a yield of 1.16%. The ex-dividend date of this dividend is Friday, June 11th. This is a positive change from Brenntag’s previous annual dividend of $0.18.

BNTGY opened at $18.85 on Wednesday. The stock has a market capitalization of $14.56 billion, a price-to-earnings ratio of 27.39 and a beta of 1.43. Brenntag has a 12 month low of $9.93 and a 12 month high of $19.11. The stock has a 50-day moving average of $18.15.

Several research analysts recently commented on the company. DZ Bank lowered Brenntag from a “hold” rating to a “sell” rating in a research report on Tuesday, March 16th. Credit Suisse Group reissued an “outperform” rating on shares of Brenntag in a research note on Thursday, March 11th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Brenntag in a research note on Tuesday, April 20th. Zacks Investment Research downgraded shares of Brenntag from a “buy” rating to a “hold” rating in a research note on Wednesday, May 26th. Finally, Baader Bank downgraded shares of Brenntag from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $20.00.

Brenntag Company Profile

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Europe, the Middle East, Africa, North America, Latin America, the Asia Pacific, and internationally. It provides value-added services, such as just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling, as well as technical and laboratory services for specialty chemicals.

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