Olin Corporation Announces Quarterly Dividend of $0.20 (NYSE:OLN)

Olin Corporation (NYSE:OLN) declared a quarterly dividend on Thursday, February 19th. Shareholders of record on Tuesday, March 3rd will be paid a dividend of 0.20 per share by the specialty chemicals company on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, March 3rd.

Olin has a payout ratio of 41.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Olin to earn $3.02 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 26.5%.

Olin Stock Performance

Shares of NYSE:OLN traded up $0.05 during trading on Friday, hitting $24.33. 3,297,501 shares of the stock traded hands, compared to its average volume of 3,451,447. The company has a quick ratio of 0.81, a current ratio of 1.35 and a debt-to-equity ratio of 1.46. The company has a fifty day moving average price of $22.79 and a two-hundred day moving average price of $22.44. Olin has a 52-week low of $17.66 and a 52-week high of $27.85. The company has a market cap of $2.78 billion, a price-to-earnings ratio of -64.01 and a beta of 1.64.

Olin (NYSE:OLN) last issued its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported ($0.58) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.58). Olin had a negative net margin of 0.63% and a negative return on equity of 0.47%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The company’s revenue was down .4% compared to the same quarter last year. As a group, equities analysts predict that Olin will post 1.38 EPS for the current year.

About Olin

Olin Corporation is a diversified manufacturer specializing in chemical products and ammunition. The company’s core business activities encompass the production and distribution of chlor-alkali products, epoxy resins and derivatives, and small-caliber ammunition under the Winchester brand. Olin’s chemical operations supply chlorine, caustic soda and related co-products to a wide range of end markets, including water treatment, pulp and paper, pharmaceuticals and general industrial applications.

In its Chlor Alkali Products & Vinyls segment, Olin operates multiple manufacturing facilities that produce chlorine and sodium hydroxide, along with vinyl chloride monomer and polyvinyl chloride (PVC) compounds.