Championx Corp shares went up by 2.29 %, this brings the share price to -0.22% in the past 90 days. Championx Corp shares are currently trading on the NASDAQ by 0.6% above its 52 week average.
Championx Corp's share price is delayed for 15 minutes
Select the Period on the chart to see the CHX.NASDAQ's share price performance, or type custom period of your choice
ChampionX Corporation Declares Quarterly Dividend Amidst Stumbling Stock Performance In a recent press release dated August 16, 2024, ChampionX Corporation (Nasdaq: CHX) announced that its Board of Directors has declared a regular quarterly dividend of $0.095 per share on the company?s common stock. This dividend will be paid out on October 25, 2024, to shareholders who are on record as of October 4, 2024. While the decision to declare dividends is typically seen as a positive indicator of a company's financial stability and commitment to returning value to shareholders, the context in which this announcement comes raises questions about the company?s overall market performance. Despite the dividend declaration, ChampionX Corp finds itself navigating a challenging stock market landscape. The company?s shares have experienced a significant decline, down approximately 15.28% from a year ago. This drop reflects ongoing pressures facing the energy sector, fluctuations in oil prices, and rising competition from both established and emerging players in the field. Adding to the concern, ChampionX Corp?s shares are currently trading only 21.1% above their 52-week low, highlighting a troubling momentum that could prompt investors to reassess their confidence in the company?s future prospects. While the dividend might provide some immediate return to shareholders, it seems a potential signal that those at the helm of ChampionX are looking to instill a sense of reassurance amidst broader market uncertainties. Investors and analysts alike will be watching closely to see if the quarterly dividend can serve as an anchor for shareholder sentiment or if it will merely mask deeper underlying issues within the company and the industry. As the dividend payment date approaches, the challenge for ChampionX will be to not only uphold its commitment to its shareholders but also to turn around its stock performance, which could provide a more compelling case for long-term investment in the company.
ChampionX Corporation (Nasdaq: CHX) has declared a regular quarterly dividend of $0.095 per share on its common stock, showcasing its commitment to rewarding shareholders. The dividend will be paid on July 26, 2024, to shareholders of record on July 5, 2024. This news comes as no surprise, as ChampionX's earnings have been consistently increasing, leading to a decrease in the 12 Months dividend payout ratio to 18.06% in the first quarter of 2024. With this decrease in the dividend payout ratio, investors are now wondering if ChampionX will soon increase its dividend. As the company's earnings continue to rise and the payout ratio remains below CHX's average, the possibility of an upcoming dividend increase becomes enticing for shareholders.
ChampionX Reports Strong Fourth Quarter and Full Year 2023 Results, Announces Share Repurchase Authorization and Dividend Increase The Woodlands, Texas - ChampionX Corporation (NASDAQ: CHX) released its fourth quarter 2023 and full year 2023 results, showcasing impressive revenue of $943.6 million, net income of $77.2 million, and adjusted EBITDA of $198.1 million. The company also reported a healthy income before income taxes margin of 12.1%, and adjusted EBITDA margin of 21.0%, demonstrating solid financial performance. In a strategic move, ChampionX has increased its share repurchase authorization to $1.5 billion and raised its quarterly dividend by 12%. This decision reflects the company's confidence in its financial strength and commitment to delivering value to its shareholders.
The Woodlands, Texas, Nov. 10, 2023 - ChampionX Corporation (Nasdaq: CHX), a leading provider of oilfield technology and chemistry solutions, has recently declared a regular quarterly dividend of $0.085 per share on the company's common stock, which has undoubtedly left shareholders elated. This dividend payment will be dispersed on January 26, 2024, to shareholders of record as of January 5, 2024. The announcement of the dividend payout solidifies ChampionX's commitment to providing consistent returns to its shareholders while simultaneously highlighting the company's financial strength and stability. The quarterly dividend serves as a way to distribute a portion of the company's earnings directly to the shareholders. As a result, investors can expect a reliable income stream and attractive yields on their investment in ChampionX.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
