Sensient Technologies Corporation (NYSE:SXT) Stock to Pay Quarterly Dividend of $0.41

Key Points

• Sensient Technologies declared a quarterly dividend of $0.41 per share, payable December 1 to shareholders of record November 9. The dividend equates to $1.64 annually and a 1.2% yield.
• The dividend appears well covered, with a current payout ratio of 42.9% and an expected forward payout ratio of 33.5% based on projected earnings.
• Sensient reported quarterly EPS of $1.13, beating analyst estimates of $1.09, while revenue of $455.84 million fell slightly short of the $459.05 million consensus.

Sensient Technologies Corporation (NYSE:SXT - Get Free Report) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Monday, November 9th will be paid a dividend of $0.41 per share by the specialty chemicals company on Tuesday, December 1st. This represents a $1.64 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, November 9th.

Sensient Technologies has a dividend payout ratio of 42.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sensient Technologies to earn $4.90 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 33.5%.

Sensient Technologies Trading Up 0.1%

NYSE:SXT opened at $131.73 on Friday. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 35.51 and a beta of 0.84. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.39 and a quick ratio of 1.72. The business has a fifty day moving average price of $131.88 and a 200-day moving average price of $113.51. Sensient Technologies has a one year low of $82.60 and a one year high of $138.82.

Sensient Technologies (NYSE:SXT - Get Free Report) last announced its quarterly earnings data on Friday, October 30th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.04. The company had revenue of $455.84 million during the quarter, compared to the consensus estimate of $459.05 million. Sensient Technologies had a return on equity of 13.77% and a net margin of 9.27%. Sell-side analysts forecast that Sensient Technologies will post 4.20 EPS for the current year.

Sensient Technologies Company Profile

Sensient Technologies Corporation is a global manufacturer of colors, flavors and extracts used in food, beverages, pharmaceuticals, cosmetics and other consumer and industrial products. The company develops customized ingredient solutions designed to improve the appearance, taste, aroma and overall sensory qualities of finished products.

Sensient's product portfolio includes natural and synthetic food colors, coloring systems, flavor compounds, botanical extracts and other specialty ingredients.

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