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

Trinseo PLC (NYSE:TSE - Get Free Report) declared a quarterly dividend on Thursday, June 26th, RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 1.21%.

Trinseo has a dividend 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. 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 Stock Down 1.3%

TSE opened at $3.30 on Thursday. Trinseo has a 12-month low of $1.94 and a 12-month high of $7.05. The stock's 50 day moving average price is $3.27 and its two-hundred day moving average price is $4.09. The firm has a market capitalization of $117.47 million, a P/E ratio of -0.33 and a beta of 1.44.

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

Institutional Trading of Trinseo

An institutional investor recently raised its position in Trinseo stock. Goldman Sachs Group Inc. increased its stake in shares of Trinseo PLC (NYSE:TSE - Free Report) by 43.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 343,604 shares of the basic materials company's stock after purchasing an additional 103,294 shares during the quarter. Goldman Sachs Group Inc. owned about 0.96% of Trinseo worth $1,264,000 at the end of the most recent quarter. 82.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Trinseo from a "hold" rating to a "sell" rating in a research note on Monday, May 12th.

Trinseo Company Profile

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.

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