Corbion (OTCMKTS:CSNVY) Declares Dividend of $0.47

Corbion (OTCMKTS:CSNVY – Get Rating) declared a dividend on Wednesday, May 18th, investing.com reports. Stockholders of record on Monday, May 23rd will be given a dividend of 0.4722 per share on Tuesday, June 14th. This represents a dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, May 20th.

OTCMKTS:CSNVY remained flat at $$31.00 during mid-day trading on Wednesday. The firm’s 50 day moving average price is $33.23 and its 200-day moving average price is $40.51. Corbion has a 52 week low of $31.00 and a 52 week high of $60.60.

A number of research firms recently issued reports on CSNVY. Oddo Bhf upgraded Corbion from a “neutral” rating to an “outperform” rating and set a €45.00 ($46.88) price target on the stock in a research note on Friday, January 28th. Berenberg Bank dropped their price target on Corbion from €45.00 ($46.88) to €36.00 ($37.50) and set a “hold” rating on the stock in a research note on Tuesday, March 1st. Finally, Barclays dropped their price target on Corbion from €43.00 ($44.79) to €40.00 ($41.67) in a research note on Tuesday, March 1st.

Corbion Company Profile (Get Rating)

Corbion N.V. provides lactic acid and lactic acid derivatives, emulsifiers, functional enzyme blends, minerals, vitamins, and algae ingredients worldwide. The company offers ingredient solutions made from renewable resources for the food, home and personal care, pharmaceutical, animal nutrition, medical device, and bioplastics markets.

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