Sensient Technologies Corporation (NYSE:SXT) announced a quarterly dividend on Thursday, July 20th, RTT News reports. Shareholders of record on Friday, August 4th will be paid a dividend of 0.30 per share by the specialty chemicals company on Friday, September 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, August 2nd.
Sensient Technologies Corporation has raised its dividend payment by an average of 6.8% per year over the last three years and has raised its dividend every year for the last 5 years. Sensient Technologies Corporation has a dividend payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sensient Technologies Corporation to earn $3.77 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 31.8%.
Shares of Sensient Technologies Corporation (NYSE SXT) traded down 0.26% during mid-day trading on Friday, reaching $72.62. The company’s stock had a trading volume of 208,619 shares. Sensient Technologies Corporation has a 12 month low of $68.51 and a 12 month high of $84.98. The company’s 50-day moving average is $77.32 and its 200 day moving average is $79.39. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 29.25 and a beta of 1.07.
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Several brokerages recently issued reports on SXT. Zacks Investment Research upgraded shares of Sensient Technologies Corporation from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Friday, June 2nd. BidaskClub cut shares of Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th.
In related news, Director Joseph Carleone purchased 1,000 shares of Sensient Technologies Corporation stock in a transaction that occurred on Monday, July 24th. The shares were bought at an average price of $75.32 per share, for a total transaction of $75,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.95% of the stock is owned by insiders.
Sensient Technologies Corporation Company Profile
Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.
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