AdvanSix (NYSE:ASIX) Plans Quarterly Dividend of $0.16

AdvanSix (NYSE:ASIX) announced a quarterly dividend on Friday, February 20th. Stockholders of record on Monday, March 9th will be given a dividend of 0.16 per share on Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, March 9th.

AdvanSix has a dividend payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings.

AdvanSix Trading Up 4.5%

NYSE:ASIX traded up $0.80 during mid-day trading on Friday, reaching $18.80. 559,567 shares of the company’s stock traded hands, compared to its average volume of 330,411. AdvanSix has a 12-month low of $14.10 and a 12-month high of $31.03. The firm has a market capitalization of $505.08 million, a price-to-earnings ratio of 9.79 and a beta of 1.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.36 and a quick ratio of 0.74. The company has a 50 day moving average price of $17.43 and a 200-day moving average price of $18.27.

AdvanSix Company Profile

AdvanSix, Inc (NYSE: ASIX) is an integrated chemical manufacturer specializing in the production of nylon 6 intermediates and related co‐products. Established as a publicly traded spin‐off from Honeywell Specialty Chemicals in June 2016, the company is headquartered in Parsippany, New Jersey.

The company’s principal product is caprolactam, the key building block for nylon 6 resin, used in fibers and engineering plastics across industries. In addition to caprolactam and nylon 6 resin, AdvanSix produces ammonium sulfate fertilizer and industrial chemicals such as phenol and acetone.