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

Orion S.A. (NYSE:OEC) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Wednesday, June 10th will be paid a dividend of 0.0207 per share by the specialty chemicals company on Thursday, July 2nd. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, June 10th.

Orion has decreased its dividend payment by an average of 0.2%annually over the last three years. Orion has a payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Orion to earn $0.55 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 14.5%.

Orion Price Performance

Orion stock opened at $7.30 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.03 and a debt-to-equity ratio of 1.75. Orion has a 52-week low of $4.34 and a 52-week high of $12.48. The firm has a market cap of $410.55 million, a PE ratio of -5.79 and a beta of 0.91. The company’s 50 day moving average is $5.97 and its two-hundred day moving average is $5.77.

Orion (NYSE:OEC) last posted its quarterly earnings results on Wednesday, February 18th. The specialty chemicals company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.26). Orion had a positive return on equity of 6.52% and a negative net margin of 3.88%.The business had revenue of $411.70 million during the quarter, compared to analyst estimates of $365.79 million. On average, research analysts expect that Orion will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. purchased a new stake in Orion in the first quarter valued at approximately $55,000. Alpine Global Management LLC acquired a new position in shares of Orion in the 4th quarter valued at $91,000. Aristides Capital LLC acquired a new position in shares of Orion in the 4th quarter valued at $202,000. Invesco Ltd. raised its position in Orion by 0.4% in the 4th quarter. Invesco Ltd. now owns 1,807,965 shares of the specialty chemicals company’s stock valued at $9,546,000 after purchasing an additional 7,898 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Orion by 31.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 72,571 shares of the specialty chemicals company’s stock worth $383,000 after purchasing an additional 17,166 shares during the period. Hedge funds and other institutional investors own 94.33% of the company’s stock.

Orion Company Profile

Orion Engineered Carbons SA, operating as Orion (NYSE: OEC), is a global producer of carbon black, a critical performance additive used to enhance the strength, durability and conductivity of various materials. The company’s products chiefly serve the tire and rubber industry, where carbon black imparts wear resistance and longevity, as well as the plastics, coatings, inks and battery components markets, where specialty grades deliver tailored conductivity and color properties.

Orion’s product portfolio is organized into two core segments: Rubber and Specialty and Chemical Specialties.