Glencore plc (GLNCY) to Issue Dividend of $0.55 on October 6th

Glencore plc (OTCMKTS:GLNCY – Get Free Report) announced a dividend on Saturday, August 19th, NASDAQ reports. Shareholders of record on Friday, September 1st will be paid a dividend of 0.55 per share by the energy company on Friday, October 6th. The ex-dividend date of this dividend is Thursday, August 31st. This is a positive change from Glencore’s previous dividend of $0.39.
Glencore Trading Down 1.9 %
Shares of GLNCY stock opened at $10.57 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 0.67. Glencore has a 12-month low of $9.63 and a 12-month high of $14.41. The firm has a fifty day moving average of $11.53 and a 200-day moving average of $11.50.
A number of equities research analysts have recently commented on GLNCY shares. Credit Suisse Group dropped their price target on Glencore from GBX 525 ($6.66) to GBX 500 ($6.34) in a research report on Wednesday, August 9th. JPMorgan Chase & Co. dropped their price objective on shares of Glencore from GBX 620 ($7.87) to GBX 610 ($7.74) in a report on Monday, April 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Glencore from GBX 575 ($7.29) to GBX 560 ($7.10) in a research note on Monday, June 5th. HSBC downgraded Glencore from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, Morgan Stanley reduced their price objective on Glencore from GBX 560 ($7.10) to GBX 550 ($6.98) in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Glencore presently has an average rating of “Moderate Buy” and a consensus price target of $569.00.
Glencore Company Profile
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, nickel, zinc, lead, chrome oreferrochromevanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.
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