Olin Co. (OLN) To Go Ex-Dividend on November 14th

Olin Co. (NYSE:OLNGet 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

OLN has been the subject of a number of recent research reports. Mizuho started coverage on Olin in a research note on Thursday, August 8th. They set a “neutral” rating and a $45.00 price objective for the company. BMO Capital Markets lowered their price objective on Olin from $50.00 to $47.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 29th. Piper Sandler cut their target price on shares of Olin from $57.00 to $51.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Royal Bank of Canada lowered their price target on shares of Olin from $52.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, October 29th. Finally, Barclays decreased their price objective on shares of Olin from $49.00 to $45.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $51.86.

Check Out Our Latest Analysis on OLN

Olin Company Profile

(Get Free Report)

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.

See Also

Dividend History for Olin (NYSE:OLN)

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