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

Orion S.A. (NYSE:OEC) announced a quarterly dividend on Thursday, September 17th. Investors of record on Friday, December 11th will be given a dividend of 0.0207 per share by the specialty chemicals company on Tuesday, January 19th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, December 11th.

Orion has decreased its dividend by an average of 0.2%per year over the last three years. Orion has a payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Orion to earn $0.35 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 22.9%.

Orion Trading Down 2.7%

Orion stock opened at $5.67 on Friday. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.03 and a quick ratio of 0.64. The company has a market capitalization of $320.52 million, a price-to-earnings ratio of -3.32 and a beta of 0.99. Orion has a one year low of $4.34 and a one year high of $8.86. The company’s fifty day moving average price is $6.39 and its two-hundred day moving average price is $6.52.

Orion (NYSE:OEC) last announced its quarterly earnings results on Wednesday, August 5th. The specialty chemicals company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The company had revenue of $500.90 million during the quarter, compared to analyst estimates of $474.43 million. Orion had a negative return on equity of 0.31% and a negative net margin of 5.28%. On average, analysts forecast that Orion will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orion

Hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC raised its position 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 valued at $65,000 after buying an additional 1,742 shares during the last quarter. Allworth Financial LP boosted its holdings in Orion by 70.6% during the second quarter. Allworth Financial LP now owns 4,235 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 1,753 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Orion by 26.4% in the second quarter. Versant Capital Management Inc now owns 9,925 shares of the specialty chemicals company’s stock valued at $66,000 after acquiring an additional 2,072 shares during the last quarter. Glenmede Trust Co. NA raised its stake in shares of Orion by 48.0% during the 1st quarter. Glenmede Trust Co. NA now owns 16,694 shares of the specialty chemicals company’s stock worth $109,000 after purchasing an additional 5,418 shares in the last quarter. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of Orion in the 2nd quarter valued at approximately $37,000. 94.33% of the stock is owned by institutional investors and hedge funds.

Orion Company Profile

Orion SA (NYSE: OEC) is a specialty chemicals company that develops, produces and markets carbon black. Its products are used as pigments, performance additives and conductive materials in applications including tires, rubber goods, coatings, printing inks, plastics, batteries and other industrial products.

The company supplies both specialty and high-performance carbon black products, which can provide coloration, ultraviolet protection, conductivity and reinforcement. Orion serves customers across a range of industries and operates internationally, with manufacturing and commercial activities spanning the Americas, Europe, the Middle East, Africa and Asia-Pacific.

Orion traces its roots to the carbon black operations formerly associated with Evonik Industries and became an independent publicly traded company in 2011.