Calgon Carbon Corporation (CCC) Declares $0.05 Quarterly Dividend

Calgon Carbon Corporation (NYSE:CCC) announced a quarterly dividend on Friday, February 16th, RTT News reports. Stockholders of record on Monday, March 5th will be paid a dividend of 0.05 per share by the industrial products company on Thursday, March 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.94%.

Calgon Carbon has a payout ratio of 40.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Calgon Carbon to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 28.2%.

Shares of Calgon Carbon (NYSE:CCC) opened at $21.30 on Friday. Calgon Carbon has a twelve month low of $12.00 and a twelve month high of $22.10. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.80 and a quick ratio of 1.68. The stock has a market capitalization of $1,084.81, a PE ratio of 49.65 and a beta of 1.07.

Separately, Zacks Investment Research cut Calgon Carbon from a “hold” rating to a “sell” rating in a report on Thursday. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.63.

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Calgon Carbon Company Profile

Calgon Carbon Corporation is a manufacturer of activated carbon, with capabilities in ultraviolet (UV) light disinfection. The Company provides purification solutions for drinking water, wastewater, pollution abatement, and a range of industrial and commercial manufacturing processes. The Company operates through four segments: Activated Carbon and Service, Equipment, Consumer and Other.

Dividend History for Calgon Carbon (NYSE:CCC)

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