Element Solutions Inc. (ESI) to Issue Quarterly Dividend of $0.08 on March 16th

Element Solutions Inc. (NYSE:ESI) announced a quarterly dividend on Tuesday, February 10th. Stockholders of record on Monday, March 2nd will be given a dividend of 0.08 per share on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, March 2nd.

Element Solutions has raised its dividend payment by an average of 0.4%annually over the last three years. Element Solutions has a payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Element Solutions to earn $1.65 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 19.4%.

Element Solutions Stock Down 1.8%

NYSE ESI opened at $35.07 on Friday. The firm has a market cap of $8.54 billion, a PE ratio of 44.39, a price-to-earnings-growth ratio of 1.63 and a beta of 1.28. Element Solutions has a one year low of $16.77 and a one year high of $37.74. The stock’s 50 day simple moving average is $29.68 and its 200 day simple moving average is $27.20. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.68 and a quick ratio of 3.00.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $676.20 million during the quarter, compared to the consensus estimate of $632.40 million. Element Solutions had a return on equity of 13.79% and a net margin of 7.48%.The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS. As a group, sell-side analysts forecast that Element Solutions will post 1.45 earnings per share for the current fiscal year.

About Element Solutions

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.