AdvanSix Declares Quarterly Dividend of $0.16 (NYSE:ASIX)

AdvanSix (NYSE:ASIX) declared a quarterly dividend on Friday, August 7th. Stockholders of record on Tuesday, August 18th will be paid a dividend of 0.16 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, August 18th.

AdvanSix has a payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect AdvanSix to earn $2.28 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 28.1%.

AdvanSix Trading Down 17.9%

Shares of ASIX opened at $16.53 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 1.23. AdvanSix has a 52-week low of $14.10 and a 52-week high of $26.73. The firm has a market cap of $445.54 million, a price-to-earnings ratio of 44.67 and a beta of 1.29. The business’s fifty day moving average is $20.64 and its 200-day moving average is $20.79.

AdvanSix (NYSE:ASIX) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.37). The business had revenue of $421.28 million for the quarter, compared to the consensus estimate of $452.00 million. AdvanSix had a return on equity of 2.18% and a net margin of 0.67%. Equities analysts anticipate that AdvanSix will post 0.85 EPS for the current fiscal year.

About AdvanSix

AdvanSix, Inc (NYSE: ASIX) is an integrated chemical manufacturer specializing in the production of nylon 6 intermediates and related co‐products. Established as a publicly traded spin‐off from Honeywell Specialty Chemicals in June 2016, the company is headquartered in Parsippany, New Jersey.

The company’s principal product is caprolactam, the key building block for nylon 6 resin, used in fibers and engineering plastics across industries. In addition to caprolactam and nylon 6 resin, AdvanSix produces ammonium sulfate fertilizer and industrial chemicals such as phenol and acetone.