Dow was flat yesterday following three consecutive days of gains

Published: May 27 2023, 07:06 GMT+0

Dow was flat yesterday following three consecutive days of gains

A quick look at yesterday: without a clear direction, Dow Inc closed at $50.34 while ranging between $50.25 and $50.79.

  • Yesterday's trading volume was 2.77 million shares which is slightly under the 21-day average of 3.90 million.
  • Dow discloses 70 cents per share dividend to be paid on Friday, March 10th

As market participants brought yesterday's session to a close, S&P 500 increased to 4,205.45, which is a 1.3% change. Dow Jones went up to 33,100, making a 1% change. Dow was flat yesterday, while the Basic Materials sector was up 0.109%.

The multinational chemical corporation is now trading 11.66% below its 3-month high of $69.06. So far this year, it has been doing worse than the Dow Jones by 1.24%. Currently, the multinational chemical corporation has a market capitalization of $35.61 billion with an average daily trading volume of 3.90 million shares. Dow has a forecast of $11.35 billion with an EPS of 36 cents.

Dow disclosed a quarterly dividend of 70 cents per share on Thursday, February 9th that was paid on Friday, March 10th to all shareholders of record up until Tuesday, February 28th. Based on current prices, the company's decision thereby provides Dow investors with an annual dividend yield of 5.56%.

Meanwhile, mixed performances were seen by other materials stocks as BHP Billiton was up 2.98%.