Trinseo S.A. (NYSE:TSE) to Issue Quarterly Dividend of $0.40

Trinseo S.A. (NYSE:TSE) declared a quarterly dividend on Thursday, June 20th, Zacks reports. Investors of record on Thursday, July 11th will be given a dividend of 0.40 per share by the basic materials company on Thursday, July 25th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend is Wednesday, July 10th.

Trinseo stock opened at $40.60 on Monday. The company has a quick ratio of 2.05, a current ratio of 2.81 and a debt-to-equity ratio of 1.61. Trinseo has a 12-month low of $36.65 and a 12-month high of $82.18. The company’s fifty day moving average is $39.90. The firm has a market cap of $1.66 billion, a P/E ratio of 7.32, a PEG ratio of 0.56 and a beta of 2.09.

Trinseo (NYSE:TSE) last released its earnings results on Thursday, May 2nd. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.02. Trinseo had a net margin of 4.61% and a return on equity of 30.47%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company earned $2.76 EPS. Trinseo’s quarterly revenue was down 9.7% compared to the same quarter last year. On average, analysts anticipate that Trinseo will post 6.03 earnings per share for the current fiscal year.



A number of research firms recently issued reports on TSE. Zacks Investment Research downgraded shares of Trinseo from a “hold” rating to a “strong sell” rating in a research report on Saturday, April 6th. ValuEngine upgraded shares of Trinseo from a “strong sell” rating to a “sell” rating in a research report on Monday, April 1st. Deutsche Bank dropped their target price on shares of Trinseo from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, April 3rd. Finally, TheStreet downgraded shares of Trinseo from a “b-” rating to a “c+” rating in a research report on Friday, May 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Trinseo has a consensus rating of “Hold” and a consensus target price of $66.88.

In other news, insider Catherine C. Keenan sold 12,264 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $38.17, for a total value of $468,116.88. Following the completion of the sale, the insider now owns 15,901 shares in the company, valued at approximately $606,941.17. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Catherine C. Keenan sold 5,050 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $38.41, for a total transaction of $193,970.50. Following the completion of the sale, the insider now owns 15,901 shares of the company’s stock, valued at approximately $610,757.41. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,396 shares of company stock valued at $754,861. Company insiders own 1.80% of the company’s stock.

Trinseo Company Profile

Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia-Pacific, and internationally. The company operates through six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.

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Dividend History for Trinseo (NYSE:TSE)

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