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

Orion S.A. (NYSE:OEC) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Shareholders of record on Thursday, March 13th will be paid a dividend of 0.0207 per share by the specialty chemicals company on Friday, April 4th. This represents a $0.08 annualized dividend and a yield of 0.59%. The ex-dividend date is Thursday, March 13th.

Orion has a dividend payout ratio of 3.8% meaning 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 Trading Down 1.0 %

NYSE:OEC opened at $13.97 on Friday. The stock has a market cap of $791.17 million, a price-to-earnings ratio of 18.62 and a beta of 1.50. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.71 and a current ratio of 1.24. Orion has a 1 year low of $13.32 and a 1 year high of $26.05. The business has a fifty day moving average of $14.73 and a 200-day moving average of $16.30.

Orion (NYSE:OEC) last announced its earnings results on Wednesday, February 19th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.10. The firm had revenue of $434.20 million during the quarter, compared to analyst estimates of $437.03 million. Orion had a net margin of 2.35% and a return on equity of 20.94%. Equities analysts predict that Orion will post 1.73 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut their target price on Orion from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. UBS Group cut their price objective on Orion from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, February 20th.

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.