Sensient Technologies Co. Plans Quarterly Dividend of $0.41 (NYSE:SXT)

Sensient Technologies Co. (NYSE:SXT) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Monday, May 6th will be paid a dividend of 0.41 per share by the specialty chemicals company on Monday, June 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Friday, May 3rd.

Sensient Technologies has raised its dividend payment by an average of 1.7% per year over the last three years. Sensient Technologies has a payout ratio of 49.7% meaning its dividend is sufficiently covered by earnings.

Sensient Technologies Trading Up 1.0 %

Shares of SXT stock opened at $70.36 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.43 and a current ratio of 3.96. The firm has a fifty day moving average of $68.02 and a 200-day moving average of $63.22. Sensient Technologies has a 52-week low of $52.90 and a 52-week high of $78.70. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 31.69 and a beta of 0.79.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings data on Friday, February 9th. The specialty chemicals company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). Sensient Technologies had a return on equity of 11.52% and a net margin of 6.41%. The company had revenue of $349.30 million for the quarter, compared to the consensus estimate of $371.10 million. During the same period last year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts forecast that Sensient Technologies will post 2.95 earnings per share for the current fiscal year.

About Sensient Technologies

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.