Orion S.A. (NYSE:OEC) to Issue Quarterly Dividend of $0.02

Key Points

• Orion S.A. will pay a quarterly dividend of $0.0207 per share to shareholders of record on June 10, payable July 2, which annualizes to about $0.0828 and yields roughly 1.1%.
• The company reported a Q loss of ($0.34) EPS (missing estimates) while revenue beat at $411.7M, but maintains a low payout ratio (~4.4%) and analysts expect earnings should be sufficient to cover its roughly $0.08 annual dividend; the stock trades near $7.30 with a market cap around $410.6M.

Orion S.A. (NYSE:OEC - Get Free Report) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Wednesday, June 10th will be paid a dividend of 0.0207 per share by the specialty chemicals company on Thursday, July 2nd. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, June 10th.

Orion has decreased its dividend by an average of 0.2%per year over the last three years. Orion has a payout ratio of 4.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Orion to earn $0.55 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 14.5%.

Orion Stock Down 0.6%

Shares of NYSE OEC opened at $7.30 on Friday. The firm has a market cap of $410.55 million, a price-to-earnings ratio of -5.79 and a beta of 0.91. Orion has a 52-week low of $4.34 and a 52-week high of $12.48. The company's 50-day simple moving average is $5.97 and its 200-day simple moving average is $5.77. The company has a quick ratio of 0.59, a current ratio of 1.03 and a debt-to-equity ratio of 1.75.

Orion (NYSE:OEC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The specialty chemicals company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.26). The firm had revenue of $411.70 million during the quarter, compared to analyst estimates of $365.79 million. Orion had a positive return on equity of 6.52% and a negative net margin of 3.88%. Equities analysts predict that Orion will post 0.3 EPS for the current fiscal year.

About Orion

Orion Engineered Carbons SA, operating as Orion NYSE: OEC, is a global producer of carbon black, a critical performance additive used to enhance the strength, durability and conductivity of various materials. The company’s products chiefly serve the tire and rubber industry, where carbon black imparts wear resistance and longevity, as well as the plastics, coatings, inks and battery components markets, where specialty grades deliver tailored conductivity and color properties.

Orion’s product portfolio is organized into two core segments: Rubber and Specialty and Chemical Specialties.

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