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

Orion S.A. (NYSE:OEC – Get Free Report) declared a quarterly dividend on Thursday, June 25th. Investors of record on Monday, July 6th will be paid a dividend of 0.0207 per share by the specialty chemicals company on Wednesday, October 7th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, July 6th.

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 $0.38 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 21.1%.

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Orion Trading Up 4.6%

Shares of OEC opened at $7.16 on Friday. The stock’s 50-day moving average price is $7.29 and its 200 day moving average price is $6.36. The company has a quick ratio of 0.62, a current ratio of 1.00 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $403.46 million, a price-to-earnings ratio of -4.47 and a beta of 0.97. Orion has a 12-month low of $4.34 and a 12-month high of $11.62.

Orion (NYSE:OEC – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The specialty chemicals company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). The business had revenue of $459.50 million for the quarter, compared to analyst estimates of $434.31 million. Orion had a positive return on equity of 2.23% and a negative net margin of 4.98%. As a group, research analysts predict that Orion will post 0.1 earnings per share for the current year.

About Orion

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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.

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