Orion S.A. (NYSE:OEC) Declares Quarterly Dividend of $0.02

Orion S.A. (NYSE:OEC) declared a quarterly dividend on Friday, April 25th, Wall Street Journal reports. Stockholders of record on Wednesday, June 11th will be paid a dividend of 0.0207 per share by the specialty chemicals company on Wednesday, July 2nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Wednesday, June 11th.

Orion has a payout ratio of 4.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Orion to earn $2.08 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 3.8%.

Orion Stock Down 1.6 %

OEC stock opened at $12.03 on Friday. Orion has a fifty-two week low of $10.50 and a fifty-two week high of $26.05. The company’s 50 day moving average price is $12.92 and its 200 day moving average price is $14.95. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.71 and a current ratio of 1.24. The firm has a market capitalization of $681.55 million, a price-to-earnings ratio of 16.04 and a beta of 1.25.

Orion (NYSE:OEC) last announced its quarterly earnings data on Wednesday, February 19th. The specialty chemicals company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.10. The company had revenue of $434.20 million for the quarter, compared to the consensus estimate of $437.03 million. Orion had a net margin of 2.35% and a return on equity of 20.94%. On average, equities research analysts anticipate that Orion will post 1.73 EPS for the current fiscal year.

Insider Buying and Selling

In other Orion news, VP Carlos Quinones bought 3,300 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $13.07 per share, with a total value of $43,131.00. Following the purchase, the vice president now owns 79,702 shares in the company, valued at approximately $1,041,705.14. This represents a 4.32 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group dropped their price objective on Orion from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. JPMorgan Chase & Co. lowered shares of Orion from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $18.00 to $12.00 in a research note on Thursday.

About Orion

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.