Trinseo S.A. (NYSE:TSE) announced a quarterly dividend on Thursday, June 20th, Zacks reports. Stockholders of record on Thursday, July 11th will be given a dividend of 0.40 per share by the basic materials company on Thursday, July 25th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date is Wednesday, July 10th.
Trinseo has a payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Trinseo to earn $7.24 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 22.1%.
Shares of NYSE:TSE traded up $1.12 during trading on Friday, reaching $39.50. The stock had a trading volume of 361,295 shares, compared to its average volume of 335,417. The company has a current ratio of 2.81, a quick ratio of 2.05 and a debt-to-equity ratio of 1.61. The stock has a fifty day moving average of $39.81. The company has a market cap of $1.57 billion, a PE ratio of 5.45, a PEG ratio of 0.53 and a beta of 2.09. Trinseo has a 1-year low of $36.65 and a 1-year high of $82.18.
TSE has been the topic of a number of recent research reports. ValuEngine lowered Welbilt from a “hold” rating to a “sell” rating in a research note on Wednesday, June 12th. TheStreet lowered Trinseo from a “b-” rating to a “c+” rating in a research note on Friday, May 17th. Deutsche Bank raised MGM CHINA HOLDI/ADR to a “buy” rating in a research note on Monday, July 1st. Finally, Zacks Investment Research lowered GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $66.88.
In other news, insider Catherine C. Keenan sold 12,264 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $38.17, for a total transaction of $468,116.88. Following the completion of the transaction, the insider now directly owns 15,901 shares of the company’s stock, valued at approximately $606,941.17. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Catherine C. Keenan sold 5,050 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $38.41, for a total value of $193,970.50. Following the transaction, the insider now directly owns 15,901 shares of the company’s stock, valued at $610,757.41. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,396 shares of company stock valued at $754,861. Insiders own 1.80% of the company’s stock.
Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia-Pacific, and internationally. The company operates through six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.
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