AdvanSix (NYSE:ASIX) to Issue Quarterly Dividend of $0.16

AdvanSix (NYSE:ASIX) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Tuesday, November 17th will be given a dividend of $0.16 per share on Tuesday, December 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Tuesday, November 17th.

AdvanSix has a dividend payout ratio of 16.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AdvanSix to earn $1.95 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 32.8%.

AdvanSix Price Performance

NYSE ASIX opened at $15.49 on Thursday. AdvanSix has a 52 week low of $14.10 and a 52 week high of $26.73. The firm has a market capitalization of $418.33 million, a P/E ratio of -23.47 and a beta of 1.27. The company has a quick ratio of 0.70, a current ratio of 1.28 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $16.26 and a 200-day moving average price of $19.40.

AdvanSix (NYSE:ASIX) last issued its quarterly earnings data on Wednesday, November 4th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.20). The business had revenue of $430.81 million during the quarter, compared to the consensus estimate of $426.00 million. AdvanSix had a negative return on equity of 1.28% and a negative net margin of 1.14%. Equities research analysts anticipate that AdvanSix will post -0.15 earnings per share for the current year.

About AdvanSix

AdvanSix Inc (NYSE:ASIX) is a diversified chemistry company that manufactures and sells polymer resins, chemical intermediates and performance products. Its portfolio includes nylon 6 resin, caprolactam, ammonium sulfate fertilizer, acetone and other chemical products used in a range of industrial and consumer applications.

The company’s nylon 6 products are used in fibers, engineered plastics, films, automotive components, electrical and electronics products, and other applications. Its chemical intermediates support the production of coatings, adhesives, solvents and other materials, while its ammonium sulfate products are marketed as nitrogen and sulfur fertilizers for agricultural use.

AdvanSix was established as an independent, publicly traded company in 2016 following its separation from Honeywell International.