Element Solutions Inc. (ESI) to Issue Quarterly Dividend of $0.08 on September 15th

Element Solutions Inc. (NYSE:ESI) declared a quarterly dividend on Friday, August 14th. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.08 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, September 1st.

Element Solutions has increased its dividend payment by an average of 0.4%annually over the last three years. Element Solutions has a dividend payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Element Solutions to earn $2.11 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 15.2%.

Element Solutions Stock Performance

Shares of NYSE:ESI opened at $34.93 on Friday. The business has a 50-day moving average of $39.43 and a two-hundred day moving average of $38.32. The firm has a market capitalization of $8.51 billion, a PE ratio of 47.20, a P/E/G ratio of 1.20 and a beta of 1.26. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.91 and a quick ratio of 2.11. Element Solutions has a 12 month low of $22.86 and a 12 month high of $49.25.

Element Solutions (NYSE:ESI) last posted its earnings results on Monday, July 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The firm had revenue of $977.90 million during the quarter, compared to the consensus estimate of $873.19 million. During the same quarter in the prior year, the company earned $0.20 EPS. The company’s revenue was up 56.4% on a year-over-year basis. As a group, research analysts forecast that Element Solutions will post 1.81 earnings per share for the current year.

Element Solutions Company Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.