The Sherwin-Williams Company (NYSE:SHW) Raises Dividend to $0.80 Per Share

The Sherwin-Williams Company (NYSE:SHW) announced a quarterly dividend on Wednesday, February 18th. Stockholders of record on Monday, March 2nd will be given a dividend of 0.80 per share by the specialty chemicals company on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, March 2nd. This is a 1.3% increase from Sherwin-Williams’s previous quarterly dividend of $0.79.

Sherwin-Williams has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 48 years. Sherwin-Williams has a payout ratio of 23.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Sherwin-Williams to earn $13.37 per share next year, which means the company should continue to be able to cover its $3.16 annual dividend with an expected future payout ratio of 23.6%.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $365.65 on Thursday. The firm’s fifty day moving average is $345.53 and its 200-day moving average is $346.20. Sherwin-Williams has a 52 week low of $308.84 and a 52 week high of $379.65. The firm has a market cap of $90.64 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 3.18 and a beta of 1.25. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.07. The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. Sherwin-Williams’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.09 earnings per share. Sell-side analysts predict that Sherwin-Williams will post 12 earnings per share for the current year.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.