Sensient Technologies Co. Plans Quarterly Dividend of $0.41 (NYSE:SXT)

Sensient Technologies Co. (NYSE:SXT - Get Free Report) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Monday, May 6th will be paid a dividend of 0.41 per share by the specialty chemicals company on Monday, June 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Friday, May 3rd.

Sensient Technologies has raised its dividend by an average of 1.7% per year over the last three years. Sensient Technologies has a dividend payout ratio of 49.7% indicating that its dividend is sufficiently covered by earnings.

Sensient Technologies Stock Performance

SXT traded up $0.72 during trading hours on Friday, hitting $70.36. The company's stock had a trading volume of 271,131 shares, compared to its average volume of 258,382. Sensient Technologies has a fifty-two week low of $52.90 and a fifty-two week high of $78.70. The company has a current ratio of 3.96, a quick ratio of 1.43 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $2.98 billion, a PE ratio of 31.69 and a beta of 0.79. The company has a 50-day simple moving average of $68.12 and a 200 day simple moving average of $63.37.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its earnings results on Friday, February 9th. The specialty chemicals company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.04). Sensient Technologies had a net margin of 6.41% and a return on equity of 11.52%. The business had revenue of $349.30 million during the quarter, compared to analyst estimates of $371.10 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. The firm's revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts expect that Sensient Technologies will post 2.95 EPS for the current year.

About Sensient Technologies

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.