Sensient Technologies Co. (NYSE:SXT) Announces $0.41 Quarterly Dividend

Sensient Technologies Co. (NYSE:SXT) declared a quarterly dividend on Friday, January 17th,RTT News reports. Investors of record on Tuesday, February 4th will be paid a dividend of 0.41 per share by the specialty chemicals company on Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.17%. The ex-dividend date is Tuesday, February 4th.

Sensient Technologies has raised its dividend by an average of 1.3% annually over the last three years. Sensient Technologies has a payout ratio of 42.9% meaning its dividend is sufficiently covered by earnings.

Sensient Technologies Stock Down 0.1 %

SXT opened at $75.51 on Friday. The stock has a market cap of $3.20 billion, a PE ratio of 36.13 and a beta of 0.77. The company has a current ratio of 3.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.58. The stock’s fifty day simple moving average is $74.36 and its 200 day simple moving average is $75.87. Sensient Technologies has a 1-year low of $55.02 and a 1-year high of $82.99.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Sensient Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th.

Insider Transactions at Sensient Technologies

In related news, insider Michael C. Geraghty sold 4,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $80.48, for a total transaction of $321,920.00. Following the completion of the transaction, the insider now directly owns 36,518 shares of the company’s stock, valued at $2,938,968.64. This trade represents a 9.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by insiders.

About Sensient Technologies

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.