PolyOne Co. (POL) to Issue Quarterly Dividend of $0.18 on April 5th

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.

COPYRIGHT VIOLATION WARNING: “PolyOne Co. (POL) to Issue Quarterly Dividend of $0.18 on April 5th” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally copied and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://ledgergazette.com/2018/03/18/polyone-co-pol-to-issue-quarterly-dividend-of-0-18-on-april-5th.html.

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.

Dividend History for PolyOne (NYSE:POL)

Receive News & Ratings for PolyOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PolyOne and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply