Shares of Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $20.77 and traded as high as $20.98. Akzo Nobel shares last traded at $20.93, with a volume of 47,925 shares trading hands.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on AKZOY. The Goldman Sachs Group raised shares of Akzo Nobel from a “sell” rating to a “buy” rating in a report on Thursday, March 6th. Barclays reiterated an “overweight” rating on shares of Akzo Nobel in a research report on Monday, February 3rd.
Get Our Latest Research Report on AKZOY
Akzo Nobel Stock Up 1.3 %
Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). Akzo Nobel had a return on equity of 12.45% and a net margin of 4.26%. As a group, analysts anticipate that Akzo Nobel will post 1.52 EPS for the current year.
Akzo Nobel Increases Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.5384 per share. This is a boost from Akzo Nobel’s previous dividend of $0.16. The ex-dividend date of this dividend is Wednesday, April 30th. Akzo Nobel’s dividend payout ratio (DPR) is currently 90.63%.
About Akzo Nobel
Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.
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