Sensient Technologies Corporation (NYSE:SXT) to Issue $0.41 Quarterly Dividend

Sensient Technologies Corporation (NYSE:SXT) declared a quarterly dividend on Friday, January 16th. Investors of record on Tuesday, February 3rd will be given a dividend of 0.41 per share by the specialty chemicals company on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, February 3rd.

Sensient Technologies has raised its dividend by an average of 0.0%per year over the last three years. Sensient Technologies has a payout ratio of 42.9% meaning its dividend is sufficiently covered by earnings.

Sensient Technologies Stock Performance

Shares of SXT stock opened at $94.34 on Friday. The business has a fifty day moving average of $95.53 and a 200 day moving average of $100.56. Sensient Technologies has a 1 year low of $67.61 and a 1 year high of $121.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.59 and a quick ratio of 1.79. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 28.85 and a beta of 0.59.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. Sensient Technologies had a return on equity of 12.91% and a net margin of 8.72%.The business had revenue of $412.11 million for the quarter, compared to analyst estimates of $407.45 million. During the same period in the prior year, the company earned $0.80 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. As a group, research analysts expect that Sensient Technologies will post 3.1 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on SXT shares. Weiss Ratings restated a “hold (c+)” rating on shares of Sensient Technologies in a research note on Monday, December 29th. Zacks Research upgraded shares of Sensient Technologies to a “hold” rating in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $110.00.

Sensient Technologies Company Profile

Sensient Technologies Corporation is a global leader in the manufacture and supply of colors, flavors and fragrances for a broad range of end-markets. The company develops and produces ingredients that enhance the appearance, taste and scent of products in the food, beverage, nutraceutical, pharmaceutical, personal care and household sectors. Its portfolio includes natural and synthetic colorants, botanical and artificial flavor systems, fragrance compounds and specialty chemical offerings tailored to customer specifications.

Within its flavor and fragrance division, Sensient provides custom formulations for sweet, savory and umami taste profiles along with fragrance blends for personal care and cosmetic applications.