New Report: Chemours
Photo by Maxim Hopman on Unsplash
The Chemours Co, known by the ticker symbol CC, is a mid-cap specialty chemicals company, operating in the materials business sector. This is my first report on The Chemours Co for this Viital portfolio or any of my previous six dividend dog portfolios.
The Chemours Co is a global provider of chemicals. It delivers customized solutions with a wide range of industrial and specialty chemicals products for various markets.
The company's four operating segments include (1) Titanium Technologies, (2) Thermal and Specialized Solutions, (3) Advanced Performance Materials, and (4) Chemical Solutions.
It generates maximum revenue from the Titanium Technologies segment. The Titanium Technologies segment, a producer of TiO2 pigment, a premium white pigment used to deliver whiteness, brightness, opacity, and protection in a variety of applications.
Geographically, it derives a majority of revenue from North America.
The company sells its products through direct and indirect channels, as well as through a network of resellers and distributors.
The Chemours Company was founded in 2014 and is headquartered in Wilmington, Delaware.
Three key data points gauge any dividend equity or fund such as The Chemours Co:
(1) Price
(2) Dividends
(3) Returns
Those three basic keys best tell whether any company has made, is making, and will make money.
CC Price
Chemours' price per share was $32.30 as of Friday's market close. One year ago its price was $29.02. Therefore, CC's share price rose $3.28 or about 11.3% in the past year.
If CHemours' stock trades in the range of $20.00 to $40.00 this next year, its recent $32.30 share price might rise by $4.70 to reach $37.00 by April 11, 2023. My $4.70 upside estimate is $0.91 under the median of eleven anAlysts annual target prices for brokerage houses tracking Chemours.
CC Dividends
The Chemours Co's most recently declared quarterly dividend of $0.25 was paid out March 15th to shareholders on record as of February 24th. Assuming the current Annual rate of $0.25 holds true in the coming year, the $1.00 annual dividend payout per share yields 3.1% at yesterday's $32.30 closing price.
The Chemours Co has paid quarterly payouts since December, 2015. That stretch marks 7 years come December.
CC Returns
Adding the $1.00 Chemours Co annual dividend to the estimated one-year price upside of $4.70 shows a $5.70 potential gross gain, per share, to be reduced by any costs to trade Chemours shares.
At yesterday's $32.30 price per share, a little over $1000 would buy 31 shares.
A $10 broker fee (if charged) would be paid half at purchase and half at sale and might cost us about $0.32 per share.
Subtract that maybe $0.32 brokerage cost from my estimated $5.70 gross gain estimate per share results in a net gain of $5.38 X 31 shares = $166.78 for a 16.6% net gain on a $1,001.30 investment.
So it is thatThe Chemours Co (CC): shows a possible 16.6% net gain including a 3.1% forward looking dividend yield.
Over the next year at this time our $1000 investment in The Chemours Co might generate $31.00 in cash dividends alone. Note that a single share of CC stock bought at yesterday's price of $32.30 is $1.30 more than the anticipated dividend income from our $1000.00 invested. So, by my dogcatcher ideal, wait to buy The Chemours Co shares until the price drops to $31.60. The estimated next-year dividend from $1K invested is curently $1.30 less than yesterday's single share price. Consider yourself alerted. It's a sign. Go for the dividend when price drops to $31.60!
All of the estimates above are speculation based on the past history of The Chemours Co (CC). Only time and money invested in this stock will determine its market value.
Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a ...
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