The Sherwin-Williams Company (NYSE:SHW) Increases Dividend to $0.80 Per Share

The Sherwin-Williams Company (NYSE:SHW) announced a quarterly dividend on Wednesday, February 18th. Shareholders of record on Monday, March 2nd will be paid a dividend of 0.80 per share by the specialty chemicals company on Friday, March 13th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, March 2nd. This is a 1.3% increase from Sherwin-Williams’s previous quarterly dividend of $0.79.

Sherwin-Williams has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 48 years. Sherwin-Williams has a dividend payout ratio of 23.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Sherwin-Williams to earn $13.37 per share next year, which means the company should continue to be able to cover its $3.16 annual dividend with an expected future payout ratio of 23.6%.

Sherwin-Williams Price Performance

Shares of SHW traded down $3.98 during midday trading on Thursday, reaching $361.78. The stock had a trading volume of 60,909 shares, compared to its average volume of 1,847,207. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $89.68 billion, a price-to-earnings ratio of 35.28, a price-to-earnings-growth ratio of 3.18 and a beta of 1.25. The company’s 50-day moving average is $345.53 and its 200 day moving average is $346.20. Sherwin-Williams has a 12-month low of $308.84 and a 12-month high of $379.65.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.07. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.Sherwin-Williams’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.09 EPS. On average, equities analysts predict that Sherwin-Williams will post 12 EPS for the current fiscal year.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.