AdvanSix Inc. (ASIX) to Issue Quarterly Dividend of $0.16 on May 27th

AdvanSix Inc. (NYSE:ASIX) announced a quarterly dividend on Monday, May 5th, Wall Street Journal reports. Investors of record on Tuesday, May 13th will be given a dividend of 0.16 per share on Tuesday, May 27th. This represents a $0.64 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, May 13th.

AdvanSix has increased its dividend payment by an average of 72.4% annually over the last three years. AdvanSix has a payout ratio of 15.8% indicating that its dividend is sufficiently covered by earnings.

AdvanSix Stock Up 0.7 %

ASIX stock opened at $22.74 on Wednesday. The company has a 50 day moving average of $22.37 and a two-hundred day moving average of $27.33. The company has a market cap of $609.67 million, a price-to-earnings ratio of 14.13 and a beta of 1.59. AdvanSix has a 12-month low of $18.44 and a 12-month high of $33.00. The company has a quick ratio of 0.49, a current ratio of 1.08 and a debt-to-equity ratio of 0.25.

AdvanSix (NYSE:ASIX) last announced its quarterly earnings data on Friday, February 21st. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.40. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. The business had revenue of $329.06 million during the quarter, compared to analyst estimates of $377.15 million. On average, equities analysts anticipate that AdvanSix will post 4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Piper Sandler downgraded shares of AdvanSix from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $35.00 to $26.00 in a research report on Monday, April 7th. UBS Group set a $35.00 target price on shares of AdvanSix in a report on Tuesday, March 18th. Finally, StockNews.com cut shares of AdvanSix from a “buy” rating to a “hold” rating in a report on Monday, March 24th.

Insider Activity

In other news, SVP Achilles B. Kintiroglou sold 4,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $22.24, for a total value of $88,960.00. Following the sale, the senior vice president now owns 36,363 shares of the company’s stock, valued at approximately $808,713.12. This represents a 9.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.60% of the company’s stock.

AdvanSix Company Profile

AdvanSix Inc engages in the manufacture and sale of polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, monoisopropylamine, dipropylamine, monoallylamine, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.