Trinseo PLC (NYSE:TSE – Get Free Report) announced a quarterly dividend on Thursday, June 27th, Zacks reports. Stockholders of record on Sunday, July 7th will be given a dividend of 0.01 per share by the basic materials company on Monday, July 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, July 5th.
Trinseo has decreased its dividend payment by an average of 33.1% per year over the last three years. Trinseo has a payout ratio of -1.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Trinseo to earn ($2.49) 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 -1.6%.
Trinseo Trading Up 2.8 %
Shares of TSE stock opened at $2.55 on Friday. Trinseo has a 12-month low of $2.42 and a 12-month high of $18.63. The firm’s 50 day moving average is $3.03 and its 200 day moving average is $4.61. The stock has a market capitalization of $89.99 million, a P/E ratio of -0.12 and a beta of 1.69.
Trinseo Company Profile
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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