Sensient Technologies Corporation (SXT) To Go Ex-Dividend on November 9th

Sensient Technologies Corporation (NYSE:SXT) declared a quarterly dividend on Thursday, October 29th. Investors of record on Monday, November 9th will be given a dividend of $0.41 per share by the specialty chemicals company on Tuesday, December 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, November 9th.

Sensient Technologies has a dividend payout ratio of 42.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Sensient Technologies to earn $4.90 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 33.5%.

Sensient Technologies Price Performance

Shares of NYSE:SXT opened at $118.04 on Friday. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 31.82 and a beta of 0.84. The firm has a fifty day moving average price of $131.59 and a 200 day moving average price of $113.61. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 4.39. Sensient Technologies has a fifty-two week low of $82.60 and a fifty-two week high of $138.82.

Sensient Technologies (NYSE:SXT) last posted its earnings results on Friday, October 30th. The specialty chemicals company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.04. Sensient Technologies had a net margin of 9.27% and a return on equity of 13.77%. The firm had revenue of $455.84 million during the quarter, compared to analyst estimates of $459.05 million. During the same period last year, the firm posted $0.96 earnings per share. Sensient Technologies’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, sell-side analysts expect that Sensient Technologies will post 4.20 earnings per share for the current fiscal year.

Sensient Technologies Company Profile

Sensient Technologies Corporation is a global manufacturer of colors, flavors and extracts used in food, beverages, pharmaceuticals, cosmetics and other consumer and industrial products. The company develops customized ingredient solutions designed to improve the appearance, taste, aroma and overall sensory qualities of finished products.

Sensient’s product portfolio includes natural and synthetic food colors, coloring systems, flavor compounds, botanical extracts and other specialty ingredients.