Sensient Technologies Co. (NYSE:SXT) Plans $0.41 Quarterly Dividend

by · The Cerbat Gem

Sensient Technologies Co. (NYSE:SXT – Get Free Report) announced a quarterly dividend on Thursday, October 24th, Wall Street Journal reports. Investors of record on Monday, November 4th will be given a dividend of 0.41 per share by the specialty chemicals company on Monday, December 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Monday, November 4th.

Sensient Technologies has raised its dividend payment by an average of 1.7% annually over the last three years. Sensient Technologies has a dividend payout ratio of 48.0% meaning its dividend is sufficiently covered by earnings.

Sensient Technologies Trading Down 0.1 %

SXT opened at $77.45 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.16 and a quick ratio of 1.72. Sensient Technologies has a fifty-two week low of $55.02 and a fifty-two week high of $82.99. The firm has a market capitalization of $3.28 billion, a PE ratio of 36.02 and a beta of 0.75. The company’s 50-day moving average is $76.68 and its 200 day moving average is $75.30.

Sensient Technologies (NYSE:SXT – Get Free Report) last posted its earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share for the quarter. Sensient Technologies had a net margin of 5.83% and a return on equity of 11.25%. The company had revenue of $392.61 million for the quarter, compared to analyst estimates of $390.64 million. During the same quarter in the prior year, the business posted $0.75 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. As a group, research analysts predict that Sensient Technologies will post 2.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com lowered shares of Sensient Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Robert W. Baird upped their price objective on shares of Sensient Technologies from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th.

View Our Latest Stock Report on Sensient Technologies

Insiders Place Their Bets

In other Sensient Technologies news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $71.08, for a total value of $142,160.00. Following the completion of the sale, the director now directly owns 15,162 shares of the company’s stock, valued at approximately $1,077,714.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.40% of the stock is currently owned by insiders.

About Sensient Technologies

(Get Free Report)

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.

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