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

AdvanSix Inc. (NYSE:ASIX - Get Free Report) declared a quarterly dividend on Monday, May 5th, Wall Street Journal reports. Investors of record on Tuesday, May 13th will be given a dividend of 0.16 per share on Tuesday, May 27th. This represents a $0.64 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Tuesday, May 13th.

AdvanSix has increased its dividend payment by an average of 72.4% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. AdvanSix has a dividend payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings.

AdvanSix Stock Performance

ASIX stock traded down $0.14 during midday trading on Friday, hitting $23.13. 135,569 shares of the stock traded hands, compared to its average volume of 149,473. The stock's fifty day simple moving average is $22.14 and its 200-day simple moving average is $27.20. The firm has a market cap of $620.18 million, a P/E ratio of 14.37 and a beta of 1.59. AdvanSix has a 1-year low of $18.44 and a 1-year high of $33.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.49.

AdvanSix (NYSE:ASIX - Get Free Report) last announced its quarterly earnings results on Friday, February 21st. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.40. The firm had revenue of $329.06 million during the quarter, compared to analyst estimates of $377.15 million. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. On average, analysts expect that AdvanSix will post 4 earnings per share for the current year.

Insider Activity

In other news, SVP Achilles B. Kintiroglou sold 4,000 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $22.24, for a total transaction of $88,960.00. Following the completion of the sale, the senior vice president now owns 36,363 shares of the company's stock, valued at $808,713.12. This represents a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.60% of the company's stock.

Analyst Upgrades and Downgrades

ASIX has been the topic of a number of recent analyst reports. StockNews.com lowered AdvanSix from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Piper Sandler downgraded shares of AdvanSix from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $35.00 to $26.00 in a report on Monday, April 7th. Finally, UBS Group set a $35.00 target price on shares of AdvanSix in a research report on Tuesday, March 18th.

AdvanSix Company Profile

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.