AdvanSix Inc. (ASIX) to Issue Quarterly Dividend of $0.16 on March 24th

AdvanSix Inc. (NYSE:ASIX) announced a quarterly dividend on Friday, February 21st, NASDAQ Dividends reports. Investors of record on Monday, March 10th will be paid a dividend of 0.16 per share on Monday, March 24th. This represents a $0.64 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Monday, March 10th.

AdvanSix has raised its dividend payment by an average of 72.4% annually over the last three years. AdvanSix has a payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings.

AdvanSix Stock Down 1.6 %

Shares of AdvanSix stock opened at $26.27 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 1.08. The business’s 50 day simple moving average is $29.37 and its 200 day simple moving average is $29.66. The firm has a market cap of $702.67 million, a PE ratio of 16.32 and a beta of 1.73. AdvanSix has a 52-week low of $20.86 and a 52-week high of $33.00.

AdvanSix (NYSE:ASIX) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.40. The firm had revenue of $329.06 million during the quarter, compared to the consensus estimate of $377.15 million. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. On average, analysts predict that AdvanSix will post 4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on ASIX. StockNews.com upgraded AdvanSix from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Piper Sandler raised their price target on AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Friday, November 8th.

Insider Transactions at AdvanSix

In other news, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $28.15, for a total transaction of $140,750.00. Following the completion of the transaction, the chief executive officer now directly owns 507,795 shares in the company, valued at approximately $14,294,429.25. The trade was a 0.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.60% of the stock is currently owned by corporate insiders.

About AdvanSix

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.