Trinseo PLC (NYSE:TSE) to Issue Quarterly Dividend of $0.01

Trinseo PLC (NYSE:TSEGet Free Report) declared a quarterly dividend on Thursday, February 22nd, Wall Street Journal reports. Stockholders of record on Thursday, April 4th will be given a dividend of 0.01 per share by the basic materials company on Thursday, April 18th. This represents a $0.04 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Wednesday, April 3rd.

Trinseo has decreased its dividend payment by an average of 26.3% per year over the last three years. Trinseo has a dividend payout ratio of -1.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Trinseo to earn ($2.18) per share next year, which means the company may not be able to cover its $0.04 annual dividend with an expected future payout ratio of -1.8%.

Trinseo Stock Performance

NYSE:TSE opened at $3.82 on Tuesday. Trinseo has a 12-month low of $3.23 and a 12-month high of $22.67. The stock’s fifty day simple moving average is $4.88 and its 200-day simple moving average is $6.21.

Trinseo (NYSE:TSEGet Free Report) last posted its quarterly earnings results on Monday, February 12th. The basic materials company reported ($2.99) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.51) by ($1.48). The company had revenue of $837.50 million during the quarter, compared to the consensus estimate of $884.14 million. Trinseo had a negative return on equity of 905.55% and a negative net margin of 19.08%. During the same quarter in the prior year, the business earned ($1.72) earnings per share. On average, equities analysts anticipate that Trinseo will post -4.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 Middle East FZE bought a new position in Trinseo during the fourth quarter worth about $32,000. Quarry LP bought a new stake in shares of Trinseo in the first quarter valued at about $34,000. Lazard Asset Management LLC bought a new stake in shares of Trinseo in the third quarter valued at about $48,000. Public Employees Retirement Association of Colorado lifted its holdings in shares of Trinseo by 128.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 5,856 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 3,291 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Trinseo by 227.9% in the first quarter. Tower Research Capital LLC TRC now owns 3,646 shares of the basic materials company’s stock valued at $76,000 after purchasing an additional 2,534 shares in the last quarter. 82.69% of the stock is currently owned by institutional investors.

About Trinseo

(Get Free Report)

Trinseo PLC operates as a specialty material solutions provider in the United States, Europe, the Asia-Pacific, and internationally. It operates through five segments: Engineered Materials, Latex Binders, Plastics Solutions, Polystyrene, and Americas Styrenics. The Engineered Materials segment offers rigid thermoplastic compounds and blends, soft thermoplastic, continuous cast, cell cast, activated methyl methacrylates (MMA), PMMA resins, and extruded PMMA sheets and resins for consumer electronics, medical, footwear, automotive, and building and construction applications under the EMERGE, CALIBRE, PLEXIGLAS, ALTUGLAS, ACRYSPA, AVONITE, STUDIO, MEGOL, APILON, APIGO, and APINAT brands.

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Dividend History for Trinseo (NYSE:TSE)

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