Trinseo PLC (NYSE:TSE) to Issue Quarterly Dividend of $0.01

Trinseo PLC (NYSE:TSE) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Investors 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 0.80%.

Trinseo has decreased its dividend by an average of 63.2% annually over the last three years. Trinseo has a dividend 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. Equities 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

TSE opened at $5.02 on Friday. Trinseo has a 1 year low of $1.93 and a 1 year high of $7.05. The company has a market capitalization of $177.54 million, a price-to-earnings ratio of -0.51 and a beta of 1.54. The firm’s fifty day moving average price is $4.75 and its two-hundred day moving average price is $4.63.

Trinseo (NYSE:TSE) last released its quarterly earnings results on Wednesday, February 12th. The basic materials company reported ($2.67) earnings per share for the quarter, missing the consensus estimate of ($2.30) by ($0.37). As a group, equities analysts anticipate that Trinseo will post -3.88 EPS for the current year.

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.