PolyOne Corporation (POL) to Issue Quarterly Dividend of $0.14 on October 5th

PolyOne Corporation (NYSE:POL) announced a quarterly dividend on Thursday, July 13th, RTT News reports. Stockholders of record on Friday, September 15th will be given a dividend of 0.135 per share by the specialty chemicals company on Thursday, October 5th. This represents a $0.54 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Thursday, September 14th.

PolyOne Corporation has raised its dividend by an average of 27.8% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. PolyOne Corporation has a payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect PolyOne Corporation to earn $2.49 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 21.7%.

Shares of PolyOne Corporation (NYSE:POL) opened at 37.33 on Wednesday. PolyOne Corporation has a 52-week low of $28.77 and a 52-week high of $40.88. The company’s market capitalization is $3.05 billion. The stock’s 50 day moving average price is $36.39 and its 200 day moving average price is $36.43.

PolyOne Corporation (NYSE:POL) last posted its earnings results on Tuesday, July 25th. The specialty chemicals company reported $0.63 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. PolyOne Corporation had a positive return on equity of 25.84% and a negative net margin of 1.75%. The firm had revenue of $814.10 million for the quarter, compared to analyst estimates of $812.52 million. During the same quarter in the prior year, the company earned $0.59 EPS. PolyOne Corporation’s revenue was up 7.4% on a year-over-year basis. On average, equities research analysts forecast that PolyOne Corporation will post $2.21 earnings per share for the current fiscal year.

Several research firms recently issued reports on POL. Zacks Investment Research lowered PolyOne Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. BidaskClub downgraded PolyOne Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Oppenheimer Holdings, Inc. started coverage on PolyOne Corporation in a report on Wednesday, August 16th. They set an “outperform” rating and a $43.00 price target on the stock. Finally, CIBC started coverage on PolyOne Corporation in a report on Thursday, August 17th. They set an “outperform” rating and a $43.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $40.80.

TRADEMARK VIOLATION WARNING: “PolyOne Corporation (POL) to Issue Quarterly Dividend of $0.14 on October 5th” was published by Stock Observer and is the sole property of of Stock Observer. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.thestockobserver.com/2017/09/13/polyone-corporation-pol-to-issue-quarterly-dividend-of-0-14-on-october-5th.html.

About PolyOne Corporation

PolyOne Corporation (PolyOne) provides specialized polymer materials, services and solutions. The Company’s segments include Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions, and PolyOne Distribution. The Color, Additives and Inks segment provides custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets.

Dividend History for PolyOne Corporation (NYSE:POL)

Receive News & Ratings for PolyOne Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PolyOne Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply