AdvanSix Inc. (ASIX) to Issue Quarterly Dividend of $0.16 on November 26th

AdvanSix Inc. (NYSE:ASIX) announced a quarterly dividend on Friday, November 1st, Zacks reports. Stockholders of record on Tuesday, November 12th will be paid a dividend of 0.16 per share on Tuesday, November 26th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Tuesday, November 12th.

AdvanSix has a dividend payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect AdvanSix to earn $3.76 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 17.0%.

AdvanSix Price Performance

Shares of ASIX stock opened at $28.95 on Friday. The firm has a market cap of $773.34 million, a P/E ratio of 96.50 and a beta of 1.68. AdvanSix has a fifty-two week low of $20.86 and a fifty-two week high of $32.04. The business’s 50 day moving average price is $29.30 and its 200-day moving average price is $26.55. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.74 and a current ratio of 1.39.

AdvanSix (NYSE:ASIX) last issued its quarterly earnings data on Friday, August 2nd. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.35. AdvanSix had a return on equity of 1.03% and a net margin of 0.57%. The firm had revenue of $453.48 million for the quarter, compared to analyst estimates of $426.80 million. During the same period last year, the company earned $1.18 EPS. On average, equities research analysts anticipate that AdvanSix will post 1.67 earnings per share for the current year.

Insider Activity at AdvanSix

In related news, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $30.28, for a total transaction of $151,400.00. Following the sale, the chief executive officer now directly owns 522,795 shares in the company, valued at $15,830,232.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 5,620 shares of company stock worth $170,603 over the last ninety days. 5.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded AdvanSix from a “hold” rating to a “buy” rating in a research report on Monday, August 5th.

AdvanSix Company Profile

AdvanSix Inc engages in the manufacture and sale of polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, monoisopropylamine, dipropylamine, monoallylamine, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.