Trinseo PLC (NYSE:TSE) Declares $0.01 Quarterly Dividend

Trinseo PLC (NYSE:TSE) announced a quarterly dividend on Monday, November 25th,Wall Street Journal reports. Stockholders of record on Thursday, January 9th will be paid a dividend of 0.01 per share by the basic materials company on Thursday, January 23rd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, January 9th.

Trinseo has decreased its dividend by an average of 33.1% annually over the last three years. Trinseo has a payout ratio of -1.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Trinseo to earn ($3.59) 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 -1.1%.

Trinseo Price Performance

Trinseo stock traded up $0.24 during trading hours on Monday, hitting $3.79. The company had a trading volume of 221,793 shares, compared to its average volume of 465,046. The firm has a market cap of $134.17 million, a PE ratio of -0.27 and a beta of 1.64. Trinseo has a one year low of $1.93 and a one year high of $8.83. The firm has a 50-day moving average of $4.89 and a 200 day moving average of $3.70.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Trinseo from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th.

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.