Cabot Corp (CBT) had declared a cash dividend of $0.3000 on Jan 13, 2017. The shares will quote ex-dividend on Feb 22, 2017 and the record date has been fixed for Feb 24, 2017. Based on Feb 22, 2017 share price, the yield comes out to be 2.27%. The dividend payable date has been fixed on Mar 10, 2017.
Cabot Corp (CBT) made into the market gainers list on Wednesdays trading session with the shares advancing 0.02% or 0.01 points. Due to strong positive momentum, the stock ended at $58.09, which is also near the day’s high of $58.455. The stock began the session at $57.74 and the volume stood at 2,54,560 shares. The 52-week high of the shares is $60.72 and the 52 week low is $42.1. The company has a current market capitalization of $3,613 M and it has 6,21,91,740 shares in outstanding.
Cabot Corp(CBT) last announced its earnings results on Feb 1, 2017 for Fiscal Year 2017 and Q1.Company reported revenue of $611.000M. Analysts had an estimated revenue of $609.250M. Earnings per share were $0.84. Analysts had estimated an EPS of $0.7.
Several Insider Transactions has been reported to the SEC. On Feb 14, 2017, Hobart Kalkstein (Senior Vice President) sold 7,529 shares at $58.16 per share price.Also, On Feb 10, 2017, Gottberg Friedrich Von (Senior Vice President) sold 19,662 shares at $56.89 per share price.On Feb 10, 2017, Patrick M. Prevost (director) sold 62,400 shares at $57.48 per share price, according to the Form-4 filing with the securities and exchange commission.
Cabot Corporation (Cabot) is a global specialty chemicals and performance materials company. The Company’s principal products are rubber and specialty grade carbon blacks fumed metal oxides activated carbon inkjet colorants aerogel and cesium formate drilling fluids. The Company operates through four segments: Reinforcement Materials Performance Chemicals Purification Solutions and Specialty Fluids. The Reinforcement Materials segment includes rubber blacks products which are used in tires and industrial products. The Company’s Performance Chemicals consists of two businesses: Specialty Carbons and Formulations business and Metal Oxides business. The Purification Solutions segment includes activated carbon products which are used as either a colorant or a decolorizing agent in the production of products for food and beverage applications. The Company’s Specialty Fluids segment produces and markets cesium formate as a drilling and completion fluid.