Sensient Technologies Co. (SXT) To Go Ex-Dividend on February 1st

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.

Several equities research analysts have recently issued reports on the company. KeyCorp lowered their price objective on Sensient Technologies from $80.00 to $73.00 and set an “overweight” rating for the company in a research note on Monday, October 22nd. Zacks Investment Research lowered Sensient Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 24th. ValuEngine lowered Sensient Technologies from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. TheStreet lowered Sensient Technologies from a “b-” rating to a “c+” rating in a research note on Tuesday, December 18th. Finally, Berenberg Bank set a $82.00 price objective on Sensient Technologies and gave the company a “buy” rating in a research note on Monday, October 22nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $77.83.

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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.

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Dividend History for Sensient Technologies (NYSE:SXT)

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