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 dividend yield of 1.23%.

Element Solutions has raised its dividend by an average of 8.6% annually over the last three years. Element Solutions has a dividend 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 Trading Up 0.8 %

Shares of Element Solutions stock opened at $26.01 on Thursday. The company has a 50-day moving average of $25.91 and a two-hundred day moving average of $26.31. Element Solutions has a 12-month low of $21.42 and a 12-month high of $29.78. 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 market cap of $6.30 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 2.17 and a beta of 1.30.

Analysts Set New Price Targets

ESI has been the subject of several research analyst reports. BMO Capital Markets raised their price objective on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Barclays cut their price target on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Truist Financial began coverage on shares of Element Solutions in a research report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price objective on the stock. Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Finally, StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Four research 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.