Trinseo PLC (TSE) To Go Ex-Dividend on January 9th

Trinseo PLC (NYSE:TSE) announced a quarterly dividend on Monday, November 25th,Wall Street Journal reports. Investors of record on Thursday, January 9th will be paid a dividend of 0.01 per share by the basic materials company on Thursday, January 23rd. This represents a $0.04 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, January 9th.

Trinseo has decreased its dividend by an average of 33.1% per year over the last three years. Trinseo has a dividend payout ratio of -1.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Trinseo to earn ($3.59) 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 -1.1%.

Trinseo Stock Up 17.2 %

TSE opened at $4.44 on Wednesday. Trinseo has a 12-month low of $1.93 and a 12-month high of $8.83. The business has a 50 day moving average of $4.89 and a 200-day moving average of $3.71.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Trinseo from a “sell” rating to a “hold” rating in a report on Thursday, October 10th.

About Trinseo

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.