Umicore SA (UMICY) to Issue Dividend of $0.09 on May 19th

Umicore SA (OTCMKTS:UMICYGet Rating) announced a dividend on Friday, April 29th, investing.com reports. Shareholders of record on Tuesday, May 3rd will be paid a dividend of 0.0915 per share on Thursday, May 19th. This represents a yield of 1.41%. The ex-dividend date is Monday, May 2nd.

Shares of UMICY stock opened at $9.52 on Friday. The company has a fifty day moving average price of $10.27 and a two-hundred day moving average price of $11.03. Umicore has a one year low of $9.00 and a one year high of $17.71.

UMICY has been the subject of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Umicore from €45.00 ($48.39) to €36.00 ($38.71) in a research note on Wednesday, January 26th. Barclays increased their price target on shares of Umicore from €32.00 ($34.41) to €34.00 ($36.56) and gave the company an “underweight” rating in a research note on Friday, April 22nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Umicore from €44.00 ($47.31) to €40.00 ($43.01) in a research note on Tuesday, February 22nd. Citigroup upgraded shares of Umicore from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 23rd. Finally, JPMorgan Chase & Co. upgraded shares of Umicore from an “underweight” rating to a “neutral” rating in a research note on Wednesday, March 9th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $42.50.

About Umicore (Get Rating)

Umicore SA operates as a materials technology and recycling company worldwide. The company operates through Catalysis, Energy & Surface Technologies, and Recycling segments. The Catalysis segment produces automotive catalysts for gasoline, and diesel light and heavy-duty diesel applications; stationary catalysis for industrial emissions control; and precious metals-based compounds and catalysts for use in the pharmaceutical and fine chemicals industries, as well as fuel cell applications.

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