Previous close | 24.97 |
Open | 25.02 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 24.70 - 25.16 |
52-week range | 17.90 - 28.60 |
Volume | |
Avg. volume | 523,415 |
Market cap | 2.604B |
Beta (5Y monthly) | 1.01 |
PE ratio (TTM) | 2.45 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 1.62 (6.49%) |
Ex-dividend date | 03 Jun 2024 |
1y target est | N/A |
As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Solvay SA's dividend performance and assess its sustainability. What Does Solvay SA Do?
Solvay on Friday announced new leadership teams to be appointed upon its planned split, after the Belgian chemicals producer's third-quarter sales slumped on lower volumes. The de-merger would lead to the creation of specialty chemicals-focused Syensqo, while a company retaining the Solvay name and listing would focus on essential chemicals. Ilham Kadri, current chief executive of Solvay, will become the CEO of Syensqo, while Philippe Kehren will take the top position at the new Solvay, the company said.
Belgian chemicals group Solvay reported higher-than-expected first-quarter results on Thursday and lifted its full-year profit and cash outlooks, but lower volumes hit its shares. Solvay said its ongoing lower volumes were offset by higher pricing in all its segments and pointed to some recovery in volumes in the second half of 2023. "We have been favouring pricing against volumes so going forward in the second quarter, volumes are not going to recover much compared to quarter one," CEO Ilham Kadri said.