Element Solutions Inc Plans Quarterly Dividend of $0.08 (NYSE:ESI)

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

Element Solutions has raised its dividend payment by an average of 8.6% per year over the last three years. Element Solutions has a payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Research 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

Shares of ESI traded up $0.20 during mid-day trading on Wednesday, hitting $26.01. The stock had a trading volume of 1,737,701 shares, compared to its average volume of 1,350,971. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. The company has a market cap of $6.30 billion, a PE ratio of 23.43, a PEG ratio of 2.17 and a beta of 1.30. Element Solutions has a fifty-two week low of $21.42 and a fifty-two week high of $29.78. The company’s fifty day simple moving average is $25.99 and its two-hundred day simple moving average is $26.32.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. 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 research report on Monday, December 16th. Bank of America restated a “neutral” rating and set a $28.00 price objective (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Barclays cut their target price on Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Finally, Truist Financial started coverage on shares of Element Solutions in a research report on Tuesday, January 28th. They set a “hold” rating and a $28.00 price target for the company. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Element Solutions has a consensus rating of “Moderate Buy” and a consensus 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.