Solstice Advanced Mat (NASDAQ:SOLS) Shareholders to Get $0.07 Quarterly Dividend

Key Points

• Solstice Advanced Mat declared a quarterly dividend of $0.075 per share, equivalent to $0.30 annually and a 0.5% yield. The dividend is payable December 10 to shareholders of record November 25.
• Shares rose 4.8%; the stock opened at $61.74, compared with a 52-week range of $40.43 to $90.80.
• The company reported quarterly EPS of $0.80, beating analyst estimates of $0.69, on revenue of $1.05 billion.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.0750 per share on Thursday, December 10th. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, November 25th.

Solstice Advanced Mat Stock Up 4.8%

Shares of SOLS opened at $61.74 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.08 and a current ratio of 1.46. The company has a 50-day simple moving average of $59.90 and a 200-day simple moving average of $69.99. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80. The firm has a market capitalization of $9.81 billion and a P/E ratio of 34.88.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.11. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%. The business had revenue of $1.05 billion for the quarter. On average, equities research analysts expect that Solstice Advanced Mat will post 2.87 earnings per share for the current year.

Solstice Advanced Mat Company Profile

Solstice Advanced Materials, Inc NASDAQ: SOLS is a specialty materials company that develops and manufactures engineered materials and chemical technologies for industrial and commercial applications. The company was established as an independent public company following the separation of Honeywell's Advanced Materials business.

Its portfolio includes fluorine-based products, specialty films, advanced fibers, resins, additives, and other performance materials. These products are used in areas such as refrigeration and air conditioning, healthcare and pharmaceutical packaging, electronics and semiconductors, transportation, aerospace, and protective equipment.

Solstice Advanced Materials serves customers across global markets through a portfolio that includes Solstice refrigerants and blowing agents, Aclar specialty pharmaceutical films, and Spectra high-performance fibers.

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