Akzo Nobel (OTCMKTS:AKZOY) Announces $0.10 Dividend

Akzo Nobel (OTCMKTS:AKZOY – Get Rating) announced a dividend on Friday, October 28th, investing.com reports. Investors of record on Thursday, November 3rd will be given a dividend of 0.1029 per share by the basic materials company on Thursday, November 10th. This represents a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, November 2nd.

Akzo Nobel Stock Down 0.6%

Akzo Nobel stock opened at $21.28 on Friday. The firm has a 50 day moving average price of $20.31 and a 200 day moving average price of $23.67. The company has a market capitalization of $11.60 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 2.65 and a beta of 1.07. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.82 and a current ratio of 1.17. Akzo Nobel has a fifty-two week low of $17.85 and a fifty-two week high of $39.50.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Redburn Partners upgraded shares of Akzo Nobel from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 6th. JPMorgan Chase & Co. downgraded shares of Akzo Nobel from a “neutral” rating to an “underweight” rating in a research note on Monday. Citigroup dropped their price target on shares of Akzo Nobel to €73.00 ($74.49) in a research note on Wednesday. Credit Suisse Group lowered their target price on shares of Akzo Nobel from €93.00 ($94.90) to €76.00 ($77.55) in a research note on Monday, October 3rd. Finally, Berenberg Bank lowered their target price on shares of Akzo Nobel from €81.00 ($82.65) to €77.00 ($78.57) and set a “buy” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $81.20.

About Akzo Nobel

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Akzo Nobel NV engages in the production and sale of paints and coatings worldwide. 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 for metal, wood, and other building materials.

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Dividend History for Akzo Nobel (OTCMKTS:AKZOY)

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