Trinseo PLC (NYSE:TSE – Get Free Report) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Thursday, April 10th will be given a dividend of 0.01 per share by the basic materials company on Thursday, April 24th. This represents a $0.04 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Thursday, April 10th.
Trinseo has decreased its dividend by an average of 63.2% per year over the last three years. Trinseo has a payout ratio of -1.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Trinseo to earn ($2.12) 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 -1.9%.
Trinseo Price Performance
Shares of TSE stock opened at $4.96 on Friday. The stock has a market cap of $175.42 million, a PE ratio of -0.50 and a beta of 1.54. The stock has a 50-day moving average of $4.75 and a 200-day moving average of $4.65. Trinseo has a one year low of $1.93 and a one year high of $7.05.
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.
Featured Articles
- Five stocks we like better than Trinseo
- What Are Dividends? Buy the Best Dividend Stocks
- Anheuser-Busch Stock Rallies—Is the King of Beers Back?
- What Investors Need to Know About Upcoming IPOs
- MarketBeat Week in Review – 02/24 – 02/28
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- 3 Companies Buying Back Stock – Why They’re Doubling Down
Receive News & Ratings for Trinseo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinseo and related companies with MarketBeat.com's FREE daily email newsletter.