Celanese Dividend Provides 2.10% Yield

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Celanese Corporation
CE
said that its board has declared a quarterly cash dividend of $0.36 per share on its Series A common stock. On an annualized basis, it worked out to $1.44 a share. The dividend also provided 2.10 percent yield, which was higher than the 1.20 percent average yield for the five-year period. Celanese said that the dividend would be payable on August 11 for the period commencing May 1 to July 31 to stockholders of record as of August 1. The company pays about 57.0 percent of its profit as dividend. That was sharply higher than the average 22.0 percent payout ratio in the five-year period. In the last six-year period, the company has boosted its dividend rate consistently. As a result, its average growth rate was 49.85 percent in the five-year period while it was 67.90 percent in the three-year period. The stock edged up by 1.22 percent on Wednesday at the time of writing this.
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