Orion S.A. (OEC) To Go Ex-Dividend on June 10th

Orion S.A. (NYSE:OEC) announced a quarterly dividend on Thursday, April 23rd. Shareholders of record on Wednesday, June 10th will be given a dividend of 0.0207 per share by the specialty chemicals company on Thursday, July 2nd. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, June 10th.

Orion has decreased its dividend by an average of 0.2%per year over the last three years. Orion has a payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Orion to earn $0.38 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 21.1%.

Orion Price Performance

NYSE OEC opened at $6.71 on Monday. The company has a quick ratio of 0.62, a current ratio of 1.00 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $378.14 million, a PE ratio of -4.19 and a beta of 0.97. The company has a 50 day moving average price of $7.04 and a two-hundred day moving average price of $6.11. Orion has a 12-month low of $4.34 and a 12-month high of $12.10.

Orion (NYSE:OEC) last released its quarterly earnings results on Wednesday, May 6th. The specialty chemicals company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). The firm had revenue of $459.50 million during the quarter, compared to the consensus estimate of $434.31 million. Orion had a negative net margin of 4.98% and a positive return on equity of 2.23%. As a group, equities analysts predict that Orion will post 0.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orion

Several hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Orion by 3.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,857 shares of the specialty chemicals company’s stock worth $438,000 after acquiring an additional 1,097 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Orion by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 30,641 shares of the specialty chemicals company’s stock worth $162,000 after purchasing an additional 1,680 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Orion by 16.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,340 shares of the specialty chemicals company’s stock worth $65,000 after purchasing an additional 1,742 shares during the period. Rhumbline Advisers increased its position in shares of Orion by 2.8% in the second quarter. Rhumbline Advisers now owns 85,855 shares of the specialty chemicals company’s stock worth $901,000 after purchasing an additional 2,344 shares during the period. Finally, AXQ Capital LP increased its position in shares of Orion by 20.9% in the third quarter. AXQ Capital LP now owns 14,337 shares of the specialty chemicals company’s stock worth $109,000 after purchasing an additional 2,474 shares during the period. 94.33% of the stock is owned by institutional investors.

About Orion

Orion Engineered Carbons SA, operating as Orion (NYSE: OEC), is a global producer of carbon black, a critical performance additive used to enhance the strength, durability and conductivity of various materials. The company’s products chiefly serve the tire and rubber industry, where carbon black imparts wear resistance and longevity, as well as the plastics, coatings, inks and battery components markets, where specialty grades deliver tailored conductivity and color properties.

Orion’s product portfolio is organized into two core segments: Rubber and Specialty and Chemical Specialties.