Element Solutions Inc. (NYSE:ESI) Declares $0.08 Quarterly Dividend

Element Solutions Inc. (NYSE:ESI) announced a quarterly dividend on Tuesday, February 10th. Investors of record on Monday, March 2nd will be given a dividend of 0.08 per share on Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, March 2nd.

Element Solutions has a payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Element Solutions to earn $1.65 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 19.4%.

Element Solutions Trading Down 0.2%

NYSE ESI traded down $0.07 during trading on Wednesday, hitting $32.17. The stock had a trading volume of 1,655,469 shares, compared to its average volume of 2,163,458. Element Solutions has a one year low of $16.77 and a one year high of $32.85. The stock has a 50 day simple moving average of $27.57 and a 200 day simple moving average of $26.27. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 32.51, a P/E/G ratio of 1.31 and a beta of 1.28. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.28 and a current ratio of 4.05.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Truist Financial upped their price target on shares of Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. UBS Group boosted their price objective on shares of Element Solutions from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Element Solutions in a research note on Wednesday, January 21st. Bank of America lifted their price target on shares of Element Solutions from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, BMO Capital Markets cut Element Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.50.

Element Solutions Company Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.