Orion Engineered Carbons SA (OEC) to Issue Quarterly Dividend of $0.17 on December 27th
Orion Engineered Carbons SA (NYSE:OEC) announced a quarterly dividend on Tuesday, December 12th, NASDAQ reports. Stockholders of record on Friday, December 22nd will be given a dividend of 0.169 per share by the specialty chemicals company on Wednesday, December 27th. This represents a $0.68 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Thursday, December 21st.
Orion Engineered Carbons has a dividend payout ratio of 40.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Orion Engineered Carbons to earn $1.88 per share next year, which means the company should continue to be able to cover its $0.67 annual dividend with an expected future payout ratio of 35.6%.
Orion Engineered Carbons (OEC) traded up $0.02 during trading hours on Friday, hitting $23.05. The stock had a trading volume of 301,788 shares, compared to its average volume of 829,339. The company has a market capitalization of $1,360.00, a PE ratio of 14.38 and a beta of 0.54. The company has a debt-to-equity ratio of 8.95, a quick ratio of 1.47 and a current ratio of 2.08. Orion Engineered Carbons has a 52 week low of $17.15 and a 52 week high of $25.45.
A hedge fund recently raised its stake in Orion Engineered Carbons stock. Northern Trust Corp grew its holdings in shares of Orion Engineered Carbons SA (NYSE:OEC) by 15.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,721 shares of the specialty chemicals company’s stock after buying an additional 1,594 shares during the period. Northern Trust Corp’s holdings in Orion Engineered Carbons were worth $234,000 as of its most recent filing with the SEC. 54.56% of the stock is currently owned by institutional investors.
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About Orion Engineered Carbons
Orion Engineered Carbons SA is a producer of carbon black. The Company operates through two segments: Specialty Carbon Black and Rubber Carbon Black. The Specialty Carbon Black segment is engaged in the production of specialty carbon black. The Rubber Carbon Black segment is involved in the production of rubber carbon black.
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