Element Solutions Inc (ESI) to Issue Quarterly Dividend of $0.08 on March 17th

Element Solutions Inc (NYSE:ESI) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors of record on Monday, March 3rd will be given a dividend of 0.08 per share on Monday, March 17th. This represents a $0.32 annualized dividend and a yield of 1.23%. The ex-dividend date is Monday, March 3rd.

Element Solutions has increased its dividend by an average of 8.6% annually over the last three years. Element Solutions has a dividend payout ratio of 18.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Element Solutions to earn $1.46 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 21.9%.

Element Solutions Stock Performance

ESI stock opened at $26.06 on Friday. The firm has a market cap of $6.31 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 2.17 and a beta of 1.30. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average price of $25.91 and a 200-day moving average price of $26.31. Element Solutions has a 1-year low of $21.42 and a 1-year high of $29.78.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ESI shares. Bank of America restated a “neutral” rating and set a $28.00 price target (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. BMO Capital Markets raised their price target on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. Finally, Barclays decreased their target price on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.14.

Element Solutions Company Profile

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.