Trinseo PLC (TSE) To Go Ex-Dividend on April 10th

Trinseo PLC (NYSE:TSE) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Thursday, April 10th will be given a dividend of 0.01 per share by the basic materials company on Thursday, April 24th. This represents a $0.04 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, April 10th.

Trinseo has decreased its dividend by an average of 63.2% annually over the last three years. Trinseo has a payout ratio of -1.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Up 1.7 %

Shares of Trinseo stock opened at $3.22 on Tuesday. Trinseo has a twelve month low of $1.94 and a twelve month high of $7.05. The company has a market cap of $114.07 million, a price-to-earnings ratio of -0.33 and a beta of 1.54. The company’s 50 day moving average is $4.46 and its 200 day moving average is $4.72.

Trinseo (NYSE:TSE) last released its quarterly earnings results on Wednesday, February 12th. The basic materials company reported ($2.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.30) by ($0.37). Sell-side analysts expect that Trinseo will post -3.88 EPS for the current fiscal year.

About Trinseo

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.