Element Solutions Inc. (NYSE:ESI – Get Free Report) announced a quarterly dividend on Friday, August 14th. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.08 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 1st.
Element Solutions has raised its dividend by an average of 0.4%per year over the last three years. Element Solutions has a payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Element Solutions to earn $2.11 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 15.2%.
Element Solutions Trading Down 4.4%
Shares of ESI stock opened at $34.93 on Friday. The stock has a market cap of $8.51 billion, a price-to-earnings ratio of 47.20, a PEG ratio of 1.20 and a beta of 1.26. The stock has a 50-day moving average of $39.43 and a 200-day moving average of $38.32. The company has a current ratio of 2.91, a quick ratio of 2.11 and a debt-to-equity ratio of 0.73. Element Solutions has a 1-year low of $22.86 and a 1-year high of $49.25.
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.
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