As per Cooper Tire & Rubber Company (NYSE:CTB)’s news release on 2016-08-03, its shareholders will get cash dividend of $0.105 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-02 and 2016-09-30, respectively.
The stock will commence trading ex-dividend from 2016-08-31, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Cooper Tire & Rubber Company (NYSE:CTB) disbursed $0.105 in dividend compared to distribution of $0.105, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 0%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Cooper Tire & Rubber Company (NYSE:CTB) to attain a price target of $40.8. It is an average estimate figure given by 5 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $48. The low price range is set at $37 for next year while the arithmetic mean is seen at 1.8.
Eyeing Earnings Cooper Tire & Rubber Company (NYSE:CTB) is likely to post quarterly numbers around 2016-11-07 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1.04 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Cooper Tire & Rubber Company (NYSE:CTB) earnings came at $1.27 suggesting a deviation of $0.2. The brokerages targeted EPS of $1.07 for the quarter.
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