Sensient Technologies Co. (NYSE:SXT – Get Free Report) announced a quarterly dividend on Friday, January 17th,RTT News reports. Shareholders of record on Tuesday, February 4th will be paid 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 raised its dividend payment by an average of 1.3% annually over the last three years. Sensient Technologies has a payout ratio of 42.9% meaning its dividend is sufficiently covered by earnings.
Sensient Technologies Price Performance
Shares of Sensient Technologies stock traded up $1.01 on Friday, hitting $73.73. The company’s stock had a trading volume of 150,496 shares, compared to its average volume of 236,692. Sensient Technologies has a 52-week low of $55.02 and a 52-week high of $82.99. The company has a quick ratio of 1.47, a current ratio of 3.74 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average price of $74.94 and a 200-day moving average price of $75.90. The company has a market capitalization of $3.12 billion, a P/E ratio of 35.28 and a beta of 0.77.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Sensient Technologies from a “hold” rating to a “buy” rating in a research note on Monday, October 28th.
Read Our Latest Analysis on Sensient Technologies
Insider Buying and Selling
In related news, insider Michael C. Geraghty sold 4,000 shares of the firm’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 owns 36,518 shares in the company, valued at approximately $2,938,968.64. This trade represents a 9.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by company insiders.
About Sensient Technologies
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.
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