Olin Corporation (OLN) to Issue Quarterly Dividend of $0.20 on June 12th

Olin Corporation (NYSE:OLN) declared a quarterly dividend on Wednesday, April 29th. Shareholders of record on Thursday, May 14th will be given a dividend of 0.20 per share by the specialty chemicals company on Friday, June 12th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, May 14th.

Olin has a dividend payout ratio of 41.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Olin to earn $0.63 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 127.0%.

Olin Stock Performance

OLN stock opened at $28.46 on Tuesday. The business’s 50-day moving average price is $26.93 and its two-hundred day moving average price is $23.74. The company has a current ratio of 1.36, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. The firm has a market cap of $3.24 billion, a PE ratio of -25.41 and a beta of 1.21. Olin has a 1-year low of $18.08 and a 1-year high of $30.46.

Olin Company Profile

Olin Corporation is a diversified manufacturer specializing in chemical products and ammunition. The company’s core business activities encompass the production and distribution of chlor-alkali products, epoxy resins and derivatives, and small-caliber ammunition under the Winchester brand. Olin’s chemical operations supply chlorine, caustic soda and related co-products to a wide range of end markets, including water treatment, pulp and paper, pharmaceuticals and general industrial applications.

In its Chlor Alkali Products & Vinyls segment, Olin operates multiple manufacturing facilities that produce chlorine and sodium hydroxide, along with vinyl chloride monomer and polyvinyl chloride (PVC) compounds.