LONDON, UK / ACCESSWIRE / July 25, 2017 / Pro-Trader Daily takes a closer look at Celanese Corp. (NYSE: CE) as the Company's stock will begin trading ex-dividend on July 26, 2017. In order to capture the dividend payout, investors must purchase the stock one day prior to the ex-dividend date that is by latest at the end of the trading session on July 25, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On July 17, 2017, Celanese, a global technology and specialty materials company, declared a quarterly dividend of $0.46 per share on its Series A common stock payable on August 07, 2017. The dividend is payable to stockholders of record as of July 28, 2017.

Celanese Corporation's indicated dividend represents a yield of 1.88% compared to the average dividend yield of 2.37% for the Basic Materials sector. The Company has increased dividend for 5 consecutive years and has been consistently paying dividends for more than 10 years.

Dividend Insights

Celanese has a dividend payout ratio of 25.2%, which indicates that the Company distributes approximately $0.25 for every $1.00 earned. The dividend payout ratio reflects how much money a Company is returning to shareholders versus how much money it is keeping in hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Celanese is forecasted to report earnings of $8.06 which is more than four times of Company's annualized dividend of $1.88.

As of March 31, 2017, Celanese's total cash and cash equivalents were approximately $501 million, while its current assets were $2.39 billion and current liabilities totaled $1.02 billion. For Q1 2017, the Company recorded operating cash flow of $192 million and generated $126 million of free cash flow. An aggregate of $179 million of cash was returned to shareholders in Q1 2017 with $128 million in share buybacks and $51 million in dividends. The strong financial position provides a cushion for the Company to absorb any fluctuations in earnings and also suggest its ability to pay a dividend without interruption for a long period.

About the Company

Celanese is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. The Company's two complementary business cores, Acetyl Chain and Materials Solutions, use the full breadth of Celanese's global chemistry, technology, and business expertise to create value for its customers and the corporation. Based in Dallas, Celanese currently employs approximately 7,500 employees worldwide and had 2016 net sales of $5.4 billion.

Recent Development for Celanese

On July 17, 2017, Celanese announced that its board of directors has approved a new $1.5 billion share repurchase authorization. The new share repurchase authorization represents approximately 11% of the Company's shares outstanding. The timing of the buybacks will be partially based on the closing of the recently announced proposed tow joint venture with Blackstone.

Celanese stated that it has deployed $300 million in H1 2017 and is on pace to meet its $500 million share buyback commitment for 2017 which would exhaust the existing $1.0 billion repurchase authorization put in place in 2015.

Stock Performance

Celanese's share price finished yesterday's trading session at $97.75, slightly up 0.09%. A total volume of 768.44 thousand shares has exchanged hands. The Company's stock price soared 9.46% in the last three months, 16.55% in the past six months, and 39.17% in the previous twelve months. Additionally, the stock surged 24.14% since the start of the year. Shares of the Company have a PE ratio of 16.99 and have a dividend yield of 1.88%. The stock currently has a market cap of $13.72 billion.

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