Olin Corporation (NYSE:OLN) Announces Quarterly Dividend of $0.20

Olin Corporation (NYSE:OLN) announced a quarterly dividend on Tuesday, August 11th. Investors of record on Thursday, August 27th will be paid a dividend of 0.20 per share by the specialty chemicals company on Friday, September 11th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Thursday, August 27th.

Olin has a payout ratio of 41.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Olin to earn $0.50 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 160.0%.

Olin Price Performance

NYSE:OLN traded down $0.47 during mid-day trading on Wednesday, hitting $18.61. 368,434 shares of the company’s stock traded hands, compared to its average volume of 3,011,808. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.87 and a current ratio of 1.42. The company has a market cap of $2.12 billion, a PE ratio of -15.14 and a beta of 1.22. The firm’s 50 day simple moving average is $21.70 and its 200 day simple moving average is $24.53. Olin has a 1 year low of $17.73 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.