ChampionX Co. to Issue Quarterly Dividend of $0.10 (NASDAQ:CHX)

ChampionX Co. (NASDAQ:CHX) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Friday, April 4th will be given a dividend of 0.095 per share on Friday, April 25th. This represents a $0.38 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, April 4th.

ChampionX has a payout ratio of 17.8% meaning its dividend is sufficiently covered by earnings.

ChampionX Stock Performance

Shares of CHX opened at $29.69 on Friday. The company has a 50-day moving average of $28.52 and a two-hundred day moving average of $29.74. The stock has a market cap of $5.66 billion, a P/E ratio of 17.99 and a beta of 2.35. ChampionX has a 12-month low of $25.57 and a 12-month high of $39.95. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32.

ChampionX (NASDAQ:CHX) last posted its earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. As a group, research analysts predict that ChampionX will post 1.92 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Citigroup dropped their price objective on ChampionX from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 14th.

About ChampionX

ChampionX Corporation provides chemistry solutions, artificial lift systems, and engineered equipment and technologies to oil and gas companies worldwide. The company operates through four segments: Production Chemical Technologies, Production & Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies.