Orion S.A. (OEC) To Go Ex-Dividend on December 11th

Orion S.A. (NYSE:OEC) declared a quarterly dividend on Thursday, September 17th. Investors of record on Friday, December 11th will be paid a dividend of 0.0207 per share by the specialty chemicals company on Tuesday, January 19th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, December 11th.

Orion has decreased its dividend payment by an average of 0.2%annually over the last three years. Orion has a dividend payout ratio of 4.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Orion to earn $0.35 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 22.9%.

Orion Stock Down 1.8%

OEC opened at $5.72 on Friday. The business has a 50 day moving average price of $6.39 and a 200 day moving average price of $6.52. Orion has a twelve month low of $4.34 and a twelve month high of $8.66. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.64 and a current ratio of 1.03. The firm has a market cap of $323.58 million, a P/E ratio of -3.31 and a beta of 0.99.

Orion (NYSE:OEC) last announced its earnings results on Wednesday, August 5th. The specialty chemicals company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Orion had a negative return on equity of 0.31% and a negative net margin of 5.28%.The company had revenue of $500.90 million for the quarter, compared to the consensus estimate of $474.43 million. Research analysts forecast that Orion will post 0.08 EPS for the current year.

Orion Company Profile

Orion SA (NYSE: OEC) is a specialty chemicals company that develops, produces and markets carbon black. Its products are used as pigments, performance additives and conductive materials in applications including tires, rubber goods, coatings, printing inks, plastics, batteries and other industrial products.

The company supplies both specialty and high-performance carbon black products, which can provide coloration, ultraviolet protection, conductivity and reinforcement. Orion serves customers across a range of industries and operates internationally, with manufacturing and commercial activities spanning the Americas, Europe, the Middle East, Africa and Asia-Pacific.

Orion traces its roots to the carbon black operations formerly associated with Evonik Industries and became an independent publicly traded company in 2011.