ChampionX Co. (NASDAQ:CHX) Plans $0.10 Quarterly Dividend

ChampionX Co. (NASDAQ:CHX) declared a quarterly dividend on Tuesday, April 1st, Wall Street Journal reports. Shareholders 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 yield of 1.27%. The ex-dividend date is Friday, April 4th.

ChampionX has a dividend payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings.

ChampionX Stock Up 0.7 %

Shares of CHX opened at $30.02 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99. The stock has a market capitalization of $5.73 billion, a PE ratio of 18.19 and a beta of 2.28. The company’s 50-day simple moving average is $29.39 and its 200-day simple moving average is $29.51. ChampionX has a 1 year low of $25.57 and a 1 year high of $39.95.

ChampionX (NASDAQ:CHX) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. Analysts forecast that ChampionX will post 1.92 earnings per share for the current fiscal year.

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.