Olin Corporation (NYSE:OLN) Shares Will Pay Quarterly Dividend of $0.20

Olin Corporation (NYSE:OLN) announced a quarterly dividend on Wednesday, November 11th. Investors of record on Friday, November 27th will be paid a dividend of $0.20 per share by the specialty chemicals company on Friday, December 11th. This represents a $0.80 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Friday, November 27th.

Olin has a payout ratio of 41.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Olin to earn $0.14 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 571.4%.

Olin Price Performance

Olin stock opened at $17.89 on Thursday. The firm has a market cap of $2.04 billion, a PE ratio of -12.17 and a beta of 1.14. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.45 and a quick ratio of 0.88. The stock’s fifty day moving average price is $16.48 and its two-hundred day moving average price is $22.04. Olin has a one year low of $14.64 and a one year high of $30.46.

Olin (NYSE:OLN) last posted its quarterly earnings data on Thursday, October 29th. The specialty chemicals company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.02). Olin had a negative return on equity of 6.63% and a negative net margin of 2.49%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the prior year, the company earned $0.37 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, research analysts expect that Olin will post -0.83 EPS for the current fiscal year.

Olin Company Profile

Olin Corporation is a chemicals and ammunition manufacturer headquartered in Clayton, Missouri. Its businesses include chlor-alkali products and vinyls, epoxy materials, and Winchester-branded ammunition. Olin’s chemical operations produce chlorine, caustic soda, vinyl chloride and related products, as well as epoxy resins and intermediates. These materials serve customers in industries such as construction, water treatment, manufacturing and transportation. The company traces its origins to 1892, when Franklin W. Olin founded the Equitable Powder Company.