Element Solutions Inc. (ESI) to Issue Quarterly Dividend of $0.08 on June 15th

Element Solutions Inc. (NYSE:ESI) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Monday, June 1st will be given a dividend of 0.08 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, June 1st.

Element Solutions has increased its dividend payment by an average of 0.4%per year over the last three years. Element Solutions has a dividend payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Element Solutions to earn $2.05 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 15.6%.

Element Solutions Trading Up 1.2%

NYSE ESI opened at $42.40 on Friday. Element Solutions has a 12 month low of $20.80 and a 12 month high of $45.51. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91. The company has a market capitalization of $10.33 billion, a price-to-earnings ratio of 68.39, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. The company’s fifty day moving average price is $38.72 and its two-hundred day moving average price is $32.28.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The firm had revenue of $840.00 million for the quarter, compared to the consensus estimate of $710.51 million. During the same period in the prior year, the firm posted $0.34 EPS. The firm’s revenue was up 41.5% compared to the same quarter last year. As a group, research analysts predict that Element Solutions will post 1.78 earnings per share for the current fiscal year.

Institutional Trading of Element Solutions

Several hedge funds have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted its position in Element Solutions by 13.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,119,999 shares of the company’s stock valued at $277,889,000 after purchasing an additional 1,298,273 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Element Solutions by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,485,342 shares of the company’s stock valued at $212,053,000 after purchasing an additional 228,416 shares during the last quarter. State Street Corp lifted its position in Element Solutions by 1.2% in the 4th quarter. State Street Corp now owns 7,161,586 shares of the company’s stock valued at $178,968,000 after purchasing an additional 83,033 shares during the last quarter. Invesco Ltd. lifted its position in Element Solutions by 43.6% in the 4th quarter. Invesco Ltd. now owns 7,069,238 shares of the company’s stock valued at $176,660,000 after purchasing an additional 2,146,512 shares during the last quarter. Finally, FIL Ltd lifted its position in Element Solutions by 13.9% in the 4th quarter. FIL Ltd now owns 5,089,359 shares of the company’s stock valued at $127,183,000 after purchasing an additional 621,448 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors.

About Element Solutions

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.