AdvanSix (NYSE:ASIX) to Issue Quarterly Dividend of $0.16

AdvanSix (NYSE:ASIX) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Tuesday, November 17th will be paid a dividend of $0.16 per share on Tuesday, December 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, November 17th.

AdvanSix has a dividend payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect AdvanSix to earn $1.95 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 32.8%.

AdvanSix Stock Performance

ASIX stock traded down $0.09 during midday trading on Wednesday, hitting $15.49. The company’s stock had a trading volume of 378,500 shares, compared to its average volume of 332,383. The stock has a market cap of $418.31 million, a price-to-earnings ratio of -23.47 and a beta of 1.27. The company has a quick ratio of 0.70, a current ratio of 1.28 and a debt-to-equity ratio of 0.35. The stock’s 50-day moving average price is $16.28 and its 200 day moving average price is $19.41. AdvanSix has a 1 year low of $14.10 and a 1 year high of $26.73.

AdvanSix (NYSE:ASIX) last released its earnings results on Friday, August 7th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). AdvanSix had a negative return on equity of 1.28% and a negative net margin of 1.14%. The business had revenue of $421.28 million for the quarter, compared to the consensus estimate of $452.00 million. On average, equities analysts forecast that AdvanSix will post -0.15 EPS for the current year.

AdvanSix Company Profile

AdvanSix Inc (NYSE:ASIX) is a diversified chemistry company that manufactures and sells polymer resins, chemical intermediates and performance products. Its portfolio includes nylon 6 resin, caprolactam, ammonium sulfate fertilizer, acetone and other chemical products used in a range of industrial and consumer applications.

The company’s nylon 6 products are used in fibers, engineered plastics, films, automotive components, electrical and electronics products, and other applications. Its chemical intermediates support the production of coatings, adhesives, solvents and other materials, while its ammonium sulfate products are marketed as nitrogen and sulfur fertilizers for agricultural use.

AdvanSix was established as an independent, publicly traded company in 2016 following its separation from Honeywell International.