Dow Chemical Company (NYSE:DOW) traded flat, Weyerhaeuser Company (NYSE:WY)
Miami, FL 05/14/2013 (GDPInsider) – The Dow Chemical Company (NYSE:DOW): The trading session on Monday saw The Dow Chemical Company (NYSE:DOW) shares drop by 0.32%. The opening price of $34.91 touched an intraday high of $34.99 per share before settling down at $34.34. The total number of shares traded in Monday’s trading session was around 5.24million, which stood below the average volume of 8.41 million, measured over a 30-day period.
Dividends for shareholders of Dow Chemical Co.’s will finally return to the pre-recession levels. This could partly be attributed to the fact that after a failed Kuwait venture, it received $2.2 billion in damages. With this payment now in their kitty, The Dow Chemical Company (NYSE:DOW) will be able to work on a balance sheet that is looking a little healthier already. The company is seeking to eventually return our dividend to pre-2009 levels.”
When the recession hit in full force in 2008, the company stock was running at around $40 per share while its dividends stood at 42 cents a share, in each quarter. In 2009, as the company’s shares dived, the dividend had been cut-down to 15 cents per quarter, below $10 a share before they began recovering.
Is DOW a solid investment at these levels? Get valuable updates and exclusive insights here.
Weyerhaeuser Company (NYSE:WY): The trading session on Monday saw Weyerhaeuser Company (NYSE:WY) shares dipping by 1.56%. The opening price of $31.26 touched an intraday high of $31.40 per share before settling down at $30.90. The total number of shares traded in Monday’s trading session was around 3.47million, which stood below the average volume of 4.34million, measured over a 30-day period.
In the short term, there is a distinct possibility that Weyerhaeuser Company might reach the higher limit of a bullish channel. Looking at the company from a fundamental point of view, irrespective of its high valuation, analysts have been upward-revising the earning per share projections on a regular basis. Consequently, profitability is improving, showing a relatively good financial health of the company. Looking at it technically, the stock has had a bullish configuration on every time-scale.
The prices have been buoyed by the rise in moving averages as indicated by the 20-period, in the weekly data. These envelop the shares in a very dynamic upward-trend. Taking all these factors into consideration, the stock is a definite must-buy at the current price.
How Should Investors Trade WY Now? Get the latest trends and data here.
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