AdvanSix Inc. (NYSE:ASIX) Announces $0.16 Quarterly Dividend

AdvanSix Inc. (NYSE:ASIX) announced a quarterly dividend on Friday, February 21st, NASDAQ Dividends reports. Investors of record on Monday, March 10th will be given a dividend of 0.16 per share on Monday, March 24th. This represents a $0.64 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Monday, March 10th.

AdvanSix has raised its dividend by an average of 72.4% per year over the last three years. AdvanSix has a dividend payout ratio of 12.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect AdvanSix to earn $4.00 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 16.0%.

AdvanSix Stock Performance

NYSE:ASIX opened at $29.78 on Friday. The stock has a market cap of $796.02 million, a P/E ratio of 21.12 and a beta of 1.76. The stock has a 50 day simple moving average of $29.63 and a 200 day simple moving average of $29.74. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.28. AdvanSix has a 1-year low of $20.86 and a 1-year high of $33.00.

AdvanSix (NYSE:ASIX) last posted its quarterly earnings data on Friday, February 21st. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.40. AdvanSix had a return on equity of 5.59% and a net margin of 2.46%. The firm had revenue of $329.06 million for the quarter, compared to analyst estimates of $377.15 million. Research analysts anticipate that AdvanSix will post 1.3 earnings per share for the current year.

Wall Street Analyst Weigh In

ASIX has been the topic of a number of recent research reports. Piper Sandler raised their price objective on AdvanSix from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. StockNews.com upgraded AdvanSix from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th.

Insider Activity

In other news, insider Christopher Gramm sold 1,951 shares of AdvanSix stock in a transaction on Monday, November 25th. The stock was sold at an average price of $32.00, for a total value of $62,432.00. Following the transaction, the insider now owns 43,463 shares in the company, valued at approximately $1,390,816. This trade represents a 4.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $30.19, for a total value of $150,950.00. Following the completion of the transaction, the chief executive officer now owns 502,795 shares in the company, valued at approximately $15,179,381.05. The trade was a 0.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,951 shares of company stock worth $354,132. Insiders own 5.60% of the company’s stock.

About AdvanSix

AdvanSix Inc engages in the manufacture and sale of polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, monoisopropylamine, dipropylamine, monoallylamine, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.