Solstice Advanced Mat (NASDAQ:SOLS) Shareholders to Collect $0.07 Quarterly Dividend

Solstice Advanced Mat (NASDAQ:SOLS) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Wednesday, November 25th will be paid a dividend of $0.0750 per share on Thursday, December 10th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, November 25th.

Solstice Advanced Mat Price Performance

Shares of SOLS opened at $61.74 on Wednesday. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. The business has a 50-day simple moving average of $59.90 and a two-hundred day simple moving average of $69.99. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30. The stock has a market cap of $9.81 billion and a PE ratio of 34.88.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its earnings results on Wednesday, November 4th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.69 by $0.11. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%. The firm had revenue of $1.05 billion during the quarter. Analysts anticipate that Solstice Advanced Mat will post 2.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Solstice Advanced Mat

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp bought a new stake in shares of Solstice Advanced Mat during the second quarter valued at approximately $448,557,000. Bank of America Corp DE acquired a new position in shares of Solstice Advanced Mat during the second quarter worth approximately $153,615,000. Anchor Capital Advisors LLC bought a new position in shares of Solstice Advanced Mat in the 2nd quarter worth $55,866,000. Alyeska Investment Group L.P. bought a new position in shares of Solstice Advanced Mat in the 2nd quarter worth $49,768,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Solstice Advanced Mat in the 2nd quarter worth $44,991,000.

Solstice Advanced Mat Company Profile

Solstice Advanced Materials, Inc (NASDAQ:SOLS) is a specialty materials company that develops and manufactures engineered materials and chemical technologies for industrial and commercial applications. The company was established as an independent public company following the separation of Honeywell’s Advanced Materials business.

Its portfolio includes fluorine-based products, specialty films, advanced fibers, resins, additives, and other performance materials. These products are used in areas such as refrigeration and air conditioning, healthcare and pharmaceutical packaging, electronics and semiconductors, transportation, aerospace, and protective equipment.

Solstice Advanced Materials serves customers across global markets through a portfolio that includes Solstice refrigerants and blowing agents, Aclar specialty pharmaceutical films, and Spectra high-performance fibers.