Sensient Technologies Co. (NYSE:SXT) announced a quarterly dividend on Wednesday, January 23rd, RTT News reports. Stockholders of record on Monday, February 4th will be given a dividend of 0.36 per share by the specialty chemicals company on Friday, March 1st. This represents a $1.44 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, February 1st.
Sensient Technologies has raised its dividend payment by an average of 9.1% annually over the last three years and has raised its dividend every year for the last 7 years. Sensient Technologies has a payout ratio of 39.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Sensient Technologies to earn $3.60 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 40.0%.
NYSE:SXT opened at $62.42 on Thursday. The company has a market capitalization of $2.61 billion, a PE ratio of 17.14 and a beta of 1.00. Sensient Technologies has a 1 year low of $51.93 and a 1 year high of $78.40. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.30 and a quick ratio of 1.80.
TRADEMARK VIOLATION WARNING: This article was originally reported by Markets Daily and is the property of of Markets Daily. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://www.themarketsdaily.com/2019/01/31/sensient-technologies-co-sxt-to-go-ex-dividend-on-february-1st.html.
Sensient Technologies Company Profile
Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances in the United States and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.
Featured Story: What is a balanced fund?
Receive News & Ratings for Sensient Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sensient Technologies and related companies with MarketBeat.com's FREE daily email newsletter.