Cochlear Limited (CHEOY) to Issue Dividend of $0.04 on May 1st

Cochlear Limited (OTCMKTS:CHEOYGet Rating) announced a dividend on Friday, March 17th, reports. Shareholders of record on Sunday, March 19th will be paid a dividend of 0.0408 per share on Monday, May 1st. This represents a yield of 1.17%. The ex-dividend date of this dividend is Saturday, March 18th.

Cochlear Price Performance

CHEOY opened at $77.01 on Friday. The company’s 50 day simple moving average is $74.87 and its two-hundred day simple moving average is $70.23. Cochlear has a 1-year low of $57.62 and a 1-year high of $88.50.

Analysts Set New Price Targets

Separately, Morgan Stanley raised Cochlear from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, February 15th.

About Cochlear

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Cochlear Ltd. engages in the provision of implantable hearing solutions. The firm operates through the following segments: Americas, Europe and Asia Pacific. Its products include cochlear, bone conduction and acoustic implants. The company was founded by Michael S. Hirshorn in 1981 and is headquartered in Sydney, Australia.

Further Reading

Dividend History for Cochlear (OTCMKTS:CHEOY)

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