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

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

AdvanSix has increased its dividend payment by an average of 72.4% annually over the last three years. AdvanSix has a payout ratio of 12.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

ASIX stock traded up $0.47 during trading on Friday, hitting $29.78. The stock had a trading volume of 196,611 shares, compared to its average volume of 101,945. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.62. AdvanSix has a twelve month low of $20.86 and a twelve month high of $33.00. The stock has a market capitalization of $796.02 million, a P/E ratio of 21.12 and a beta of 1.76. The company’s 50-day moving average price is $29.63 and its two-hundred day moving average price is $29.73.

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

Insider Activity

In other news, insider Christopher Gramm sold 1,951 shares of AdvanSix stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $32.00, for a total transaction of $62,432.00. Following the sale, the insider now owns 43,463 shares of the company’s stock, valued at approximately $1,390,816. The trade was a 4.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $28.15, for a total transaction of $140,750.00. Following the sale, the chief executive officer now directly owns 507,795 shares in the company, valued at approximately $14,294,429.25. The trade was a 0.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,951 shares of company stock valued at $354,132. 5.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Piper Sandler lifted their price objective on AdvanSix from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. StockNews.com raised shares of AdvanSix from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th.

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.