PolyOne Co. (NYSE:POL) announced a quarterly dividend on Wednesday, February 14th, RTT News reports. Investors of record on Tuesday, March 20th will be given a dividend of 0.175 per share by the specialty chemicals company on Thursday, April 5th. This represents a $0.70 annualized dividend and a yield of 1.62%. The ex-dividend date is Monday, March 19th.
PolyOne has increased its dividend by an average of 19.1% per year over the last three years and has raised its dividend every year for the last 6 years. PolyOne has a payout ratio of 32.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect PolyOne to earn $2.84 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 24.6%.
Shares of PolyOne (NYSE:POL) opened at $43.23 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.29 and a debt-to-equity ratio of 2.13. PolyOne has a 1 year low of $32.43 and a 1 year high of $47.48. The company has a market cap of $3,496.79, a P/E ratio of 19.56, a P/E/G ratio of 1.64 and a beta of 1.73.
PolyOne (NYSE:POL) last posted its earnings results on Friday, January 26th. The specialty chemicals company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $801.00 million for the quarter, compared to the consensus estimate of $739.77 million. PolyOne had a negative net margin of 1.73% and a positive return on equity of 29.46%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company earned $0.38 EPS. analysts predict that PolyOne will post 2.54 earnings per share for the current year.
A number of research analysts have recently issued reports on POL shares. ValuEngine upgraded shares of PolyOne from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of PolyOne from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Wednesday, December 27th. Robert W. Baird downgraded shares of PolyOne from an “outperform” rating to a “neutral” rating and set a $46.00 price target on the stock. in a research report on Tuesday, January 16th. Oppenheimer restated a “buy” rating and issued a $47.00 price target on shares of PolyOne in a research report on Tuesday, January 23rd. Finally, Northcoast Research restated a “neutral” rating on shares of PolyOne in a research report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $45.71.
PolyOne Company Profile
PolyOne Corporation (PolyOne) provides specialized polymer materials, services and solutions. The Company’s segments include Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions, and PolyOne Distribution. The Color, Additives and Inks segment provides custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets.
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