Orion S.A. (OEC) To Go Ex-Dividend on July 6th

Orion S.A. (NYSE:OECGet Free Report) announced a quarterly dividend on Thursday, June 25th. Investors of record on Monday, July 6th will be paid a dividend of 0.0207 per share by the specialty chemicals company on Wednesday, October 7th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, July 6th.

Orion has decreased its dividend payment by an average of 0.2%annually over the last three years. Orion has a dividend payout ratio of 4.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Orion to earn $0.38 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 21.1%.

Orion Trading Down 2.5%

OEC stock opened at $7.00 on Friday. Orion has a 1-year low of $4.34 and a 1-year high of $11.62. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.00 and a quick ratio of 0.62. The company has a market capitalization of $394.62 million, a price-to-earnings ratio of -4.37 and a beta of 0.97. The business has a 50 day simple moving average of $7.30 and a two-hundred day simple moving average of $6.36.

Orion (NYSE:OECGet Free Report) last released its earnings results on Wednesday, May 6th. The specialty chemicals company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.18). The company had revenue of $459.50 million during the quarter, compared to analysts’ expectations of $434.31 million. Orion had a positive return on equity of 2.23% and a negative net margin of 4.98%. Research analysts anticipate that Orion will post 0.1 EPS for the current fiscal year.

Orion Company Profile

(Get Free Report)

Orion Engineered Carbons SA, operating as Orion (NYSE: OEC), is a global producer of carbon black, a critical performance additive used to enhance the strength, durability and conductivity of various materials. The company’s products chiefly serve the tire and rubber industry, where carbon black imparts wear resistance and longevity, as well as the plastics, coatings, inks and battery components markets, where specialty grades deliver tailored conductivity and color properties.

Orion’s product portfolio is organized into two core segments: Rubber and Specialty and Chemical Specialties.

Further Reading

Dividend History for Orion (NYSE:OEC)

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