ChampionX Co. (CHX) To Go Ex-Dividend on April 4th

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

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

ChampionX Price Performance

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

ChampionX (NASDAQ:CHX) last announced its earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share for the quarter, topping 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, equities analysts anticipate that ChampionX will post 1.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Citigroup lowered their price objective on shares of ChampionX from $45.00 to $40.00 and set a “buy” rating for the company in a 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.