The Sherwin-Williams Company (SHW) To Go Ex-Dividend on March 2nd

The Sherwin-Williams Company (NYSE:SHW) declared a quarterly dividend on Wednesday, February 18th. Shareholders of record on Monday, March 2nd will be given a dividend of 0.80 per share by the specialty chemicals company on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, March 2nd. This is a 1.3% increase from Sherwin-Williams’s previous quarterly dividend of $0.79.

Sherwin-Williams has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 48 years. Sherwin-Williams has a payout ratio of 24.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sherwin-Williams to earn $13.37 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 23.9%.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded up $1.58 during mid-day trading on Friday, hitting $362.08. 1,935,956 shares of the stock were exchanged, compared to its average volume of 1,745,595. Sherwin-Williams has a twelve month low of $308.84 and a twelve month high of $379.65. The stock’s fifty day simple moving average is $350.29 and its two-hundred day simple moving average is $346.71. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87. The company has a market cap of $89.71 billion, a P/E ratio of 35.26, a PEG ratio of 3.12 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, topping the consensus estimate of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the previous year, the business earned $2.09 EPS. Sherwin-Williams’s revenue was up 5.6% compared to the same quarter last year. As a group, analysts forecast that Sherwin-Williams will post 12 EPS for the current fiscal year.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.