Braskem SA (NYSE:BAK) announced a dividend on Wednesday, September 28th. Stockholders of record on Tuesday, October 11th will be paid a dividend of 0.764 per share on Tuesday, October 18th. The ex-dividend date is Thursday, October 6th. This is a boost from Braskem SA’s previous dividend of $0.65.
Shares of Braskem SA (NYSE:BAK) opened at 15.24 on Wednesday. Braskem SA has a 52-week low of $9.44 and a 52-week high of $16.25. The firm has a market capitalization of $6.07 billion, a PE ratio of 6.58 and a beta of 1.69. The company has a 50-day moving average price of $14.31 and a 200 day moving average price of $12.86.
A number of large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its stake in Braskem SA by 5.2% in the second quarter. Jane Street Group LLC now owns 31,960 shares of the company’s stock worth $379,000 after buying an additional 1,579 shares during the period. Panagora Asset Management Inc. increased its stake in Braskem SA by 220.3% in the second quarter. Panagora Asset Management Inc. now owns 687,549 shares of the company’s stock worth $8,147,000 after buying an additional 472,880 shares during the period. A.R.T. Advisors LLC increased its stake in Braskem SA by 209.6% in the second quarter. A.R.T. Advisors LLC now owns 164,687 shares of the company’s stock worth $1,951,000 after buying an additional 111,500 shares during the period. Guggenheim Capital LLC increased its stake in Braskem SA by 404.8% in the second quarter. Guggenheim Capital LLC now owns 363,028 shares of the company’s stock worth $4,302,000 after buying an additional 291,111 shares during the period. Finally, Allianz Asset Management AG purchased a new stake in Braskem SA during the second quarter worth $453,000. 1.15% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research upgraded Braskem SA from a “strong sell” rating to a “hold” rating in a research note on Friday, September 9th.
Braskem SA Company Profile
Braskem SA produces thermoplastic resins. The Company’s segments are Basic petrochemicals, Polyolefins, Vinyls, the United States and Europe, and Chemical distribution. 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.
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