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

Orion S.A. (NYSE:OEC) announced a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Shareholders of record on Thursday, March 13th will be paid a dividend of 0.0207 per share by the specialty chemicals company on Friday, April 4th. This represents a $0.08 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, March 13th.

Orion has a payout ratio of 3.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Orion to earn $2.08 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 3.8%.

Orion Trading Down 1.0 %

Shares of NYSE:OEC traded down $0.15 during midday trading on Friday, reaching $13.97. The company’s stock had a trading volume of 675,537 shares, compared to its average volume of 500,966. The firm has a market capitalization of $791.17 million, a price-to-earnings ratio of 18.62 and a beta of 1.50. Orion has a fifty-two week low of $13.32 and a fifty-two week high of $26.05. The firm has a 50 day moving average price of $14.76 and a two-hundred day moving average price of $16.32. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.71 and a current ratio of 1.24.

Orion (NYSE:OEC) last released its quarterly earnings data on Wednesday, February 19th. The specialty chemicals company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.10. The company had revenue of $434.20 million during the quarter, compared to analyst estimates of $437.03 million. Orion had a net margin of 2.35% and a return on equity of 20.94%. As a group, analysts forecast that Orion will post 1.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. UBS Group cut their price objective on shares of Orion from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. JPMorgan Chase & Co. dropped their price target on Orion from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, February 21st.

About Orion

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.