AdvanSix Inc. (NYSE:ASIX) Plans Quarterly Dividend of $0.16

AdvanSix Inc. (NYSE:ASIX) declared a quarterly dividend on Friday, November 1st, Zacks reports. Investors of record on Tuesday, November 12th will be given a dividend of 0.16 per share on Tuesday, November 26th. This represents a $0.64 annualized dividend and a yield of 2.21%. The ex-dividend date is Tuesday, November 12th.

AdvanSix has a payout ratio of 16.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AdvanSix to earn $3.76 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 17.0%.

AdvanSix Trading Up 2.0 %

ASIX traded up $0.58 on Friday, hitting $28.95. 239,824 shares of the company were exchanged, compared to its average volume of 142,273. The firm has a fifty day simple moving average of $29.30 and a two-hundred day simple moving average of $26.56. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.74 and a current ratio of 1.39. AdvanSix has a 12 month low of $20.86 and a 12 month high of $32.04. The stock has a market capitalization of $773.34 million, a PE ratio of 96.47 and a beta of 1.68.

AdvanSix (NYSE:ASIX) last released its quarterly earnings data on Friday, August 2nd. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.35. AdvanSix had a return on equity of 1.03% and a net margin of 0.57%. The business had revenue of $453.48 million during the quarter, compared to analysts’ expectations of $426.80 million. During the same quarter last year, the business posted $1.18 EPS. Sell-side analysts expect that AdvanSix will post 1.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded AdvanSix from a “hold” rating to a “buy” rating in a report on Monday, August 5th.

Insider Activity

In other news, CEO Erin N. Kane sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $30.28, for a total value of $151,400.00. Following the completion of the transaction, the chief executive officer now owns 522,795 shares in the company, valued at $15,830,232.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 5,620 shares of company stock worth $170,603 in the last quarter. 5.60% of the stock is owned by company insiders.

About AdvanSix

AdvanSix Inc engages in the manufacture and sale of polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, monoisopropylamine, dipropylamine, monoallylamine, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.