Element Solutions Inc. to Issue Quarterly Dividend of $0.08 (NYSE:ESI)

Key Points

• Element Solutions declared a quarterly dividend of $0.08 per share, payable September 15 to shareholders of record as of September 1. The annualized dividend is $0.32, yielding approximately 0.9%, with a 20.4% payout ratio.
• The company reported quarterly EPS of $0.47, exceeding analyst expectations of $0.43, while revenue reached $977.9 million and rose 56.4% year over year.
• Institutional investors own 92.32% of Element Solutions’ shares, with several major funds recently increasing their positions.

Element Solutions Inc. (NYSE:ESI - Get Free Report) announced a quarterly dividend on Friday, August 14th. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.08 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, September 1st.

Element Solutions has increased its dividend payment by an average of 0.4%per year over the last three years. Element Solutions has a dividend payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Element Solutions to earn $2.11 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 15.2%.

Element Solutions Price Performance

Shares of ESI opened at $34.93 on Friday. Element Solutions has a twelve month low of $22.86 and a twelve month high of $49.25. The company has a market capitalization of $8.51 billion, a P/E ratio of 47.20, a price-to-earnings-growth ratio of 1.20 and a beta of 1.26. The firm has a 50 day moving average of $39.43 and a 200 day moving average of $38.32. The company has a quick ratio of 2.11, a current ratio of 2.91 and a debt-to-equity ratio of 0.73.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. The business had revenue of $977.90 million for the quarter, compared to analysts' expectations of $873.19 million. Element Solutions had a return on equity of 14.88% and a net margin of 5.67%.The firm's quarterly revenue was up 56.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 EPS. As a group, equities research analysts anticipate that Element Solutions will post 1.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Element Solutions

Hedge funds have recently modified their holdings of the business. Thrivent Financial for Lutherans lifted its holdings in shares of Element Solutions by 7.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,524,090 shares of the company's stock valued at $63,077,000 after acquiring an additional 174,228 shares during the last quarter. Hsbc Holdings PLC increased its stake in Element Solutions by 45.2% during the fourth quarter. Hsbc Holdings PLC now owns 189,883 shares of the company's stock worth $4,767,000 after acquiring an additional 59,154 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Element Solutions during the second quarter valued at approximately $8,363,000. Jennison Associates LLC lifted its stake in shares of Element Solutions by 36.7% in the 1st quarter. Jennison Associates LLC now owns 2,977,958 shares of the company's stock valued at $101,667,000 after purchasing an additional 798,923 shares during the last quarter. Finally, Capital World Investors lifted its stake in shares of Element Solutions by 3.8% in the 4th quarter. Capital World Investors now owns 3,405,232 shares of the company's stock valued at $85,097,000 after purchasing an additional 123,244 shares during the last quarter. Institutional investors own 92.32% of the company's stock.

About Element Solutions

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company's solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.

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