Sensient Technologies Co. (SXT) to Issue Quarterly Dividend of $0.41 on March 3rd

Sensient Technologies Co. (NYSE:SXT) announced a quarterly dividend on Friday, January 17th,RTT News reports. Stockholders of record on Tuesday, February 4th will be given a dividend of 0.41 per share by the specialty chemicals company on Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.22%.

Sensient Technologies has increased its dividend payment by an average of 1.3% per year over the last three years. Sensient Technologies has a dividend payout ratio of 42.9% indicating that its dividend is sufficiently covered by earnings.

Sensient Technologies Stock Up 1.4 %

Sensient Technologies stock opened at $73.73 on Friday. Sensient Technologies has a twelve month low of $55.02 and a twelve month high of $82.99. The business has a fifty day moving average of $74.82 and a two-hundred day moving average of $75.92. The firm has a market cap of $3.12 billion, a P/E ratio of 35.28 and a beta of 0.77. The company has a quick ratio of 1.47, a current ratio of 3.74 and a debt-to-equity ratio of 0.58.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. Sensient Technologies had a net margin of 5.80% and a return on equity of 11.41%. The business had revenue of $392.61 million during the quarter, compared to analyst estimates of $390.64 million. During the same period in the prior year, the firm posted $0.75 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts forecast that Sensient Technologies will post 2.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Michael C. Geraghty sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $80.48, for a total value of $321,920.00. Following the transaction, the insider now directly owns 36,518 shares of the company’s stock, valued at $2,938,968.64. This represents a 9.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Sensient Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th.

Sensient Technologies Company Profile

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.