Olin Co. (NYSE:OLN – Get Free Report) declared a quarterly dividend on Thursday, October 24th,Zacks Dividends reports. Investors of record on Thursday, November 14th will be paid a dividend of 0.20 per share by the specialty chemicals company on Friday, December 13th. This represents a $0.80 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, November 14th.
Olin has a payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Olin to earn $2.89 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 27.7%.
Olin Trading Down 0.3 %
NYSE:OLN opened at $44.16 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.82 and a debt-to-equity ratio of 1.32. The firm has a fifty day simple moving average of $44.48 and a 200-day simple moving average of $47.24. Olin has a 12 month low of $39.47 and a 12 month high of $60.60. The company has a market capitalization of $5.15 billion, a P/E ratio of 35.61, a PEG ratio of 1.79 and a beta of 1.43.
Analysts Set New Price Targets
Check Out Our Latest Analysis on OLN
Olin Company Profile
Olin Corporation manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, and chlorinated organics intermediates and solvents.
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