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

Orion S.A. (NYSE:OEC) announced a quarterly dividend on Thursday, June 25th. Stockholders 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) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, July 6th.

Orion has decreased its dividend by an average of 0.2%annually over the last three years. Orion has a dividend payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. 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%.

Orion Stock Performance

NYSE OEC opened at $7.16 on Friday. Orion has a 52-week low of $4.34 and a 52-week high of $11.62. The company has a 50-day simple moving average of $7.29 and a 200 day simple moving average of $6.36. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.62 and a current ratio of 1.00. The company has a market capitalization of $403.46 million, a PE ratio of -4.47 and a beta of 0.97.

Orion (NYSE:OEC) last posted its quarterly earnings data on Wednesday, May 6th. The specialty chemicals company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.18). Orion had a negative net margin of 4.98% and a positive return on equity of 2.23%. The firm had revenue of $459.50 million during the quarter, compared to analysts’ expectations of $434.31 million. On average, research analysts predict that Orion will post 0.1 EPS for the current year.

Institutional Investors Weigh In On Orion

Several institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Orion by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,857 shares of the specialty chemicals company’s stock valued at $438,000 after purchasing an additional 1,097 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Orion by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 30,641 shares of the specialty chemicals company’s stock worth $162,000 after purchasing an additional 1,680 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in Orion by 16.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 12,340 shares of the specialty chemicals company’s stock worth $65,000 after purchasing an additional 1,742 shares during the period. Rhumbline Advisers boosted its stake in Orion by 2.8% in the 2nd quarter. Rhumbline Advisers now owns 85,855 shares of the specialty chemicals company’s stock worth $901,000 after purchasing an additional 2,344 shares during the period. Finally, AXQ Capital LP grew its holdings in Orion by 20.9% during the 3rd quarter. AXQ Capital LP now owns 14,337 shares of the specialty chemicals company’s stock valued at $109,000 after buying an additional 2,474 shares in the last quarter. 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.