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

Olin Corporation (NYSE:OLN) declared a quarterly dividend on Wednesday, April 29th. Shareholders of record on Thursday, May 14th will be given a dividend of 0.20 per share by the specialty chemicals company on Friday, June 12th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, May 14th.

Olin has a dividend payout ratio of 41.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Olin to earn $0.63 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 127.0%.

Olin Price Performance

Olin stock opened at $28.46 on Tuesday. The stock’s fifty day moving average price is $26.93 and its two-hundred day moving average price is $23.74. Olin has a one year low of $18.08 and a one year high of $30.46. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.36 and a quick ratio of 0.82. The firm has a market cap of $3.24 billion, a PE ratio of -25.41 and a beta of 1.21.

Olin Company Profile

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.