Orion S.A. (OEC) to Issue Quarterly Dividend of $0.02 on October 7th

Orion S.A. (NYSE:OEC) declared a quarterly dividend on Thursday, June 25th. Stockholders of record on Monday, July 6th will be given a dividend of 0.0207 per share by the specialty chemicals company on Wednesday, October 7th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, July 6th.

Orion has decreased its dividend by an average of 0.2%per year over the last three years. Orion has a dividend payout ratio of 4.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Orion to earn $0.38 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 21.1%.

Orion Trading Down 1.3%

Shares of Orion stock opened at $5.67 on Friday. The firm has a market capitalization of $319.45 million, a PE ratio of -3.54 and a beta of 1.00. The company has a current ratio of 1.00, a quick ratio of 0.62 and a debt-to-equity ratio of 1.75. The firm’s 50 day moving average is $7.21 and its 200 day moving average is $6.40. Orion has a 1 year low of $4.34 and a 1 year high of $11.62.

Orion (NYSE:OEC) last issued its quarterly earnings data on Wednesday, May 6th. The specialty chemicals company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.18). Orion had a negative net margin of 4.98% and a positive return on equity of 2.23%. The company had revenue of $459.50 million during the quarter, compared to the consensus estimate of $434.31 million. Equities research analysts forecast that Orion will post 0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Divisar Capital Management LLC increased its stake in shares of Orion by 10.9% in the third quarter. Divisar Capital Management LLC now owns 2,450,414 shares of the specialty chemicals company’s stock valued at $18,574,000 after buying an additional 241,160 shares during the period. CSM Advisors LLC lifted its stake in shares of Orion by 106.5% in the third quarter. CSM Advisors LLC now owns 539,961 shares of the specialty chemicals company’s stock worth $4,092,000 after acquiring an additional 278,501 shares during the period. American Century Companies Inc. lifted its stake in shares of Orion by 6.9% in the third quarter. American Century Companies Inc. now owns 2,138,131 shares of the specialty chemicals company’s stock worth $16,207,000 after acquiring an additional 137,890 shares during the period. Medina Value Partners LLC boosted its holdings in Orion by 245.3% in the third quarter. Medina Value Partners LLC now owns 1,238,058 shares of the specialty chemicals company’s stock valued at $9,384,000 after acquiring an additional 879,479 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Orion by 22.3% in the third quarter. JPMorgan Chase & Co. now owns 717,902 shares of the specialty chemicals company’s stock valued at $5,442,000 after acquiring an additional 130,959 shares during the last quarter. 94.33% of the stock is owned by institutional investors.

Orion Company Profile

Orion Engineered Carbons SA, operating as Orion (NYSE: OEC), is a global producer of carbon black, a critical performance additive used to enhance the strength, durability and conductivity of various materials. The company’s products chiefly serve the tire and rubber industry, where carbon black imparts wear resistance and longevity, as well as the plastics, coatings, inks and battery components markets, where specialty grades deliver tailored conductivity and color properties.

Orion’s product portfolio is organized into two core segments: Rubber and Specialty and Chemical Specialties.