Element Solutions Inc Announces Quarterly Dividend of $0.08 (NYSE:ESI)

Element Solutions Inc (NYSE:ESI) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.08 per share on Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.23%.

Element Solutions has raised its dividend by an average of 8.6% per year over the last three years. Element Solutions has a dividend payout ratio of 18.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Element Solutions to earn $1.46 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 21.9%.

Element Solutions Price Performance

Element Solutions stock opened at $26.01 on Thursday. Element Solutions has a 1 year low of $21.42 and a 1 year high of $29.78. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. The firm has a 50 day moving average price of $25.91 and a 200 day moving average price of $26.31. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 2.17 and a beta of 1.30.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ESI shares. Bank of America reissued a “neutral” rating and set a $28.00 price objective (down from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. Barclays lowered their price target on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, BMO Capital Markets raised their price target on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Element Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.14.

Element Solutions Company Profile

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.