Sensient Technologies Corporation (NYSE:SXT) Declares Quarterly Dividend of $0.41

Sensient Technologies Corporation (NYSE:SXT) declared a quarterly dividend on Friday, January 16th. Stockholders of record on Tuesday, February 3rd will be paid a dividend of 0.41 per share by the specialty chemicals company on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, February 3rd.

Sensient Technologies has raised its dividend by an average of 0.0%per year over the last three years. Sensient Technologies has a dividend payout ratio of 42.9% meaning its dividend is sufficiently covered by earnings.

Sensient Technologies Stock Performance

NYSE:SXT opened at $94.34 on Friday. The stock’s fifty day moving average is $95.53 and its 200 day moving average is $100.56. Sensient Technologies has a fifty-two week low of $67.61 and a fifty-two week high of $121.54. The firm has a market capitalization of $4.01 billion, a PE ratio of 28.85 and a beta of 0.59. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.79 and a current ratio of 4.59.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.90 by $0.06. Sensient Technologies had a net margin of 8.72% and a return on equity of 12.91%. The company had revenue of $412.11 million during the quarter, compared to analyst estimates of $407.45 million. During the same period in the previous year, the firm earned $0.80 earnings per share. Sensient Technologies’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Sensient Technologies will post 3.1 earnings per share for the current year.

About Sensient Technologies

Sensient Technologies Corporation is a global leader in the manufacture and supply of colors, flavors and fragrances for a broad range of end-markets. The company develops and produces ingredients that enhance the appearance, taste and scent of products in the food, beverage, nutraceutical, pharmaceutical, personal care and household sectors. Its portfolio includes natural and synthetic colorants, botanical and artificial flavor systems, fragrance compounds and specialty chemical offerings tailored to customer specifications.

Within its flavor and fragrance division, Sensient provides custom formulations for sweet, savory and umami taste profiles along with fragrance blends for personal care and cosmetic applications.