Dividend To Observe: Braskem S.A. (NYSE:BAK) expected to pay $0.76 on Oct 18, 2016

Dividend To Observe: Braskem S.A. (NYSE:BAK) expected to pay $0.76 on Oct 18, 2016

Braskem S.A. (NYSE:BAK) is expected to pay $0.76 on Oct 18, 2016. The indicated annual dividend is $1.44. Shareholders owning the stock before Oct 6, 2016 will be eligible to receive the payout. Based on Braskem S.A.’s current price of $15.24, the dividend is 5.01%. This dividend’s record date is Oct 11, 2016 and the announcement date is Sep 28, 2016. The stock decreased 4.87% or $0.78 during the last trading session, hitting $15.24. Braskem SA (ADR) (NYSE:BAK) has risen 16.78% since March 2, 2016 and is uptrending. It has outperformed by 8.52% the S&P500.

Braskem S.A. produces thermoplastic resins. The company has a market cap of $6.04 billion. The Company’s divisions are Basic petrochemicals, Polyolefins, Vinyls, the United States and Europe, and Chemical distribution. It has a 6.53 P/E ratio. It is also engaged in the import and export of chemicals, petrochemicals and fuels, the production, supply and sale of utilities such as steam, water, compressed air, industrial gases, the provision of industrial services, and the production, supply and sale of electric energy.

Braskem SA (ADR) (NYSE:BAK) Ratings Coverage

Out of 2 analysts covering Braskem SA (NYSE:BAK), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $16 is the highest target while $14.30 is the lowest. The $16 average target is 4.99% above today’s ($15.24) stock price. Braskem SA has been the topic of 3 analyst reports since September 21, 2015 according to StockzIntelligence Inc. The company was upgraded on Tuesday, May 24 by Bank of America.

More notable recent Braskem SA (ADR) (NYSE:BAK) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on December 22, 2009, also Quotes.Wsj.com with their article: “DOW JONES, A NEWS CORP COMPANY” published on February 11, 2011, Thestreet.com published: “Braskem SA Preferred Shares Sponsored ADR R Stock To Go Ex-dividend Tomorrow (BAK)” on May 04, 2011. More interesting news about Braskem SA (ADR) (NYSE:BAK) were released by: Bidnessetc.com and their article: “Braskem SA (ADR) Of Brazil Sued In New York Court Over Petrobras Scandal” published on July 02, 2015 as well as Bidnessetc.com‘s news article titled: “How Braskem SA (ADR) Got Tied Up In Petroleo Brasileiro Petrobras SA (ADR …” with publication date: March 16, 2015.

BAK Company Profile

Braskem S.A. (Braskem), incorporated on January 12, 1972, produces thermoplastic resins. The Company’s divisions are Basic petrochemicals, Polyolefins, Vinyls, the United States and Europe, and Chemical distribution. Braskem is also engaged in the import and export of chemicals, petrochemicals and fuels, the production, supply and sale of utilities such as steam, water, compressed air, industrial gases, as well as the provision of industrial services and the production, supply and sale of electric energy for its own use and use by other companies. Braskem also invests in other companies, either as a partner or as shareholder. It operates over 40 industrial units, over 30 of which are located in the Brazilian states of Alagoas (AL), Bahia (BA), Rio de Janeiro (RJ), Rio Grande do Sul (RS) and Sao Paulo (SP); over five are located in the United States, in the states of Pennsylvania, Texas and West Virginia, and over two are located in Germany, in the cities of Wesseling and Schkopau. These units produce thermoplastic resins-polyethylene (PE), polypropylene (PP) and polyvinyl chloride (PVC), as well as basic petrochemicals.

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