AdvanSix (NYSE:ASIX) Announces $0.16 Quarterly Dividend

Key Points

• AdvanSix declared a quarterly dividend of $0.16 per share, payable on June 2 to shareholders of record on May 19, with the same date set as the ex-dividend date.
• The dividend implies an annualized yield of about 3.1%, and the company’s 16% payout ratio suggests the dividend is well covered by earnings.
• In its latest earnings report, AdvanSix posted $0.03 EPS, beating expectations, and reported $359.95 million in revenue, also above analyst forecasts.

AdvanSix (NYSE:ASIX - Get Free Report) declared a quarterly dividend on Friday, May 8th. Investors of record on Tuesday, May 19th will be given a dividend of 0.16 per share on Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, May 19th.

AdvanSix has a dividend payout ratio of 16.0% indicating that its dividend is sufficiently covered by earnings.

AdvanSix Price Performance

NYSE ASIX traded down $3.62 on Friday, hitting $20.32. 1,233,577 shares of the company were exchanged, compared to its average volume of 426,510. The firm has a 50 day moving average of $22.28 and a two-hundred day moving average of $18.96. The company has a market cap of $547.78 million, a P/E ratio of 11.23 and a beta of 1.33. The company has a current ratio of 1.13, a quick ratio of 0.52 and a debt-to-equity ratio of 0.26. AdvanSix has a 1-year low of $14.10 and a 1-year high of $26.73.

AdvanSix (NYSE:ASIX - Get Free Report) last posted its quarterly earnings data on Friday, February 20th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.09. AdvanSix had a net margin of 3.24% and a return on equity of 6.97%. The firm had revenue of $359.95 million during the quarter, compared to analysts' expectations of $340.85 million.

AdvanSix Company Profile

AdvanSix, Inc NYSE: ASIX is an integrated chemical manufacturer specializing in the production of nylon 6 intermediates and related co‐products. Established as a publicly traded spin‐off from Honeywell Specialty Chemicals in June 2016, the company is headquartered in Parsippany, New Jersey.

The company’s principal product is caprolactam, the key building block for nylon 6 resin, used in fibers and engineering plastics across industries. In addition to caprolactam and nylon 6 resin, AdvanSix produces ammonium sulfate fertilizer and industrial chemicals such as phenol and acetone.

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