Sensient Technologies Co. (NYSE:SXT) Declares Quarterly Dividend of $0.41

Sensient Technologies Co. (NYSE:SXTGet 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.

Sensient Technologies (NYSE:SXTGet Free Report) last released its quarterly earnings data on Friday, October 25th. The specialty chemicals company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. Sensient Technologies had a net margin of 5.80% and a return on equity of 11.41%. The business had revenue of $392.61 million for the quarter, compared to analyst estimates of $390.64 million. During the same period in the previous year, the firm earned $0.75 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts expect that Sensient Technologies will post 2.82 earnings per share for the current fiscal year.

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

(Get Free Report)

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.

Featured Stories

Dividend History for Sensient Technologies (NYSE:SXT)

Receive News & Ratings for Sensient Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sensient Technologies and related companies with MarketBeat.com's FREE daily email newsletter.