AdvanSix (NYSE:ASIX) Shareholders Set to Receive $0.16 Quarterly Dividend

AdvanSix (NYSE:ASIX) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Tuesday, November 17th will be given a dividend of $0.16 per share on Tuesday, December 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Tuesday, November 17th.

AdvanSix has a payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Analysts expect AdvanSix to earn $1.95 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 32.8%.

AdvanSix Price Performance

Shares of NYSE ASIX traded down $0.09 during trading hours on Wednesday, reaching $15.49. 378,500 shares of the stock traded hands, compared to its average volume of 332,383. The company’s 50-day simple moving average is $16.28 and its two-hundred day simple moving average is $19.41. The company has a market capitalization of $418.31 million, a P/E ratio of -23.47 and a beta of 1.27. AdvanSix has a 52-week low of $14.10 and a 52-week high of $26.73. The company has a quick ratio of 0.70, a current ratio of 1.28 and a debt-to-equity ratio of 0.35.

AdvanSix (NYSE:ASIX) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). AdvanSix had a negative return on equity of 1.28% and a negative net margin of 1.14%. The business had revenue of $421.28 million during the quarter, compared to the consensus estimate of $452.00 million. Equities research analysts forecast that AdvanSix will post -0.15 EPS for the current year.

About AdvanSix

AdvanSix Inc (NYSE:ASIX) is a diversified chemistry company that manufactures and sells polymer resins, chemical intermediates and performance products. Its portfolio includes nylon 6 resin, caprolactam, ammonium sulfate fertilizer, acetone and other chemical products used in a range of industrial and consumer applications.

The company’s nylon 6 products are used in fibers, engineered plastics, films, automotive components, electrical and electronics products, and other applications. Its chemical intermediates support the production of coatings, adhesives, solvents and other materials, while its ammonium sulfate products are marketed as nitrogen and sulfur fertilizers for agricultural use.

AdvanSix was established as an independent, publicly traded company in 2016 following its separation from Honeywell International.