AdvanSix Announces Quarterly Dividend of $0.16 (NYSE:ASIX)

AdvanSix (NYSE:ASIX) declared a quarterly dividend on Friday, August 7th. Shareholders of record on Tuesday, August 18th will be paid a dividend of 0.16 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, August 18th.

AdvanSix has a payout ratio of 16.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AdvanSix to earn $2.28 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 28.1%.

AdvanSix Price Performance

Shares of ASIX traded down $3.61 during mid-day trading on Friday, reaching $16.53. 718,970 shares of the stock traded hands, compared to its average volume of 355,653. The firm has a fifty day moving average price of $20.76 and a 200 day moving average price of $20.82. The company has a market cap of $445.54 million, a price-to-earnings ratio of 44.67 and a beta of 1.29. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. AdvanSix has a 1 year low of $14.10 and a 1 year high of $26.73.

AdvanSix (NYSE:ASIX) last released its quarterly earnings results on Friday, May 8th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.02). AdvanSix had a return on equity of 2.18% and a net margin of 0.67%.The firm had revenue of $404.18 million during the quarter, compared to the consensus estimate of $364.90 million. As a group, equities research analysts predict that AdvanSix will post 0.85 earnings per share for the current year.

About AdvanSix

AdvanSix, Inc (NYSE: ASIX) is an integrated chemical manufacturer specializing in the production of nylon 6 intermediates and related co‐products. Established as a publicly traded spin‐off from Honeywell Specialty Chemicals in June 2016, the company is headquartered in Parsippany, New Jersey.

The company’s principal product is caprolactam, the key building block for nylon 6 resin, used in fibers and engineering plastics across industries. In addition to caprolactam and nylon 6 resin, AdvanSix produces ammonium sulfate fertilizer and industrial chemicals such as phenol and acetone.