Trinseo PLC (NYSE:TSE) Plans Quarterly Dividend of $0.01

Trinseo PLC (NYSE:TSE - Get Free Report) announced a quarterly dividend on Thursday, June 26th, RTT News reports. Investors of record on Thursday, July 10th will be given a dividend of 0.01 per share by the basic materials company on Thursday, July 24th. This represents a $0.04 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, July 10th.

Trinseo has a payout ratio of -1.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Trinseo to earn ($2.12) per share next year, which means the company may not be able to cover its $0.04 annual dividend with an expected future payout ratio of -1.9%.

Trinseo Trading Up 1.0%

TSE traded up $0.04 during trading on Friday, hitting $3.43. The company's stock had a trading volume of 4,352,903 shares, compared to its average volume of 417,792. Trinseo has a twelve month low of $1.94 and a twelve month high of $7.05. The business's fifty day simple moving average is $3.28 and its 200 day simple moving average is $4.04. The firm has a market capitalization of $122.10 million, a price-to-earnings ratio of -0.34 and a beta of 1.44.

Trinseo (NYSE:TSE - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported ($1.37) EPS for the quarter, beating the consensus estimate of ($1.40) by $0.03. The business had revenue of $784.80 million during the quarter, compared to analyst estimates of $980.01 million. As a group, equities research analysts forecast that Trinseo will post -3.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Trinseo from a "hold" rating to a "sell" rating in a report on Monday, May 12th.

Hedge Funds Weigh In On Trinseo

A hedge fund recently bought a new stake in Trinseo stock. Dynamic Technology Lab Private Ltd bought a new stake in Trinseo PLC (NYSE:TSE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 32,107 shares of the basic materials company's stock, valued at approximately $118,000. Dynamic Technology Lab Private Ltd owned approximately 0.09% of Trinseo at the end of the most recent reporting period. Hedge funds and other institutional investors own 82.69% of the company's stock.

About Trinseo

Trinseo PLC operates as a specialty material solutions provider in the United States, Europe, the Asia-Pacific, and internationally. It operates through five segments: Engineered Materials, Latex Binders, Plastics Solutions, Polystyrene, and Americas Styrenics. The Engineered Materials segment offers rigid thermoplastic compounds and blends, soft thermoplastic, continuous cast, cell cast, activated methyl methacrylates (MMA), PMMA resins, and extruded PMMA sheets and resins for consumer electronics, medical, footwear, automotive, and building and construction applications under the EMERGE, CALIBRE, PLEXIGLAS, ALTUGLAS, ACRYSPA, AVONITE, STUDIO, MEGOL, APILON, APIGO, and APINAT brands.