AdvanSix (ASIX) To Go Ex-Dividend on November 17th

AdvanSix (NYSE:ASIX) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Tuesday, November 17th will be paid a dividend of $0.16 per share on Tuesday, December 1st. This represents a $0.64 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, November 17th.

AdvanSix has a payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AdvanSix to earn $1.95 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 32.8%.

AdvanSix Price Performance

Shares of NYSE:ASIX opened at $16.21 on Friday. The company’s 50 day moving average is $16.25 and its two-hundred day moving average is $19.40. AdvanSix has a 52 week low of $14.10 and a 52 week high of $26.73. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.20 and a quick ratio of 0.70.

AdvanSix (NYSE:ASIX) last released its quarterly earnings data on Wednesday, November 4th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.20). The company had revenue of $430.81 million for the quarter, compared to analyst estimates of $426.00 million. AdvanSix had a negative return on equity of 2.29% and a negative net margin of 1.40%. On average, analysts expect that AdvanSix will post -0.15 earnings per share for the current year.

Hedge Funds Weigh In On AdvanSix

Several large investors have recently added to or reduced their stakes in ASIX. BlackRock Inc. bought a new stake in shares of AdvanSix in the 2nd quarter worth approximately $48,517,000. Dimensional Fund Advisors LP boosted its stake in AdvanSix by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,311,006 shares of the company’s stock valued at $31,988,000 after purchasing an additional 8,131 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in AdvanSix by 78.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 728,292 shares of the company’s stock valued at $17,770,000 after purchasing an additional 319,528 shares during the period. Solas Capital Management LLC boosted its stake in AdvanSix by 10.5% during the 2nd quarter. Solas Capital Management LLC now owns 571,324 shares of the company’s stock valued at $11,358,000 after purchasing an additional 54,295 shares during the period. Finally, Empowered Funds LLC bought a new position in AdvanSix in the 2nd quarter worth about $6,017,000. 86.39% of the stock is currently owned by institutional investors.

AdvanSix Company Profile

AdvanSix Inc (NYSE:ASIX) is a diversified chemistry company that manufactures and sells polymer resins, chemical intermediates and performance products. Its portfolio includes nylon 6 resin, caprolactam, ammonium sulfate fertilizer, acetone and other chemical products used in a range of industrial and consumer applications.

The company’s nylon 6 products are used in fibers, engineered plastics, films, automotive components, electrical and electronics products, and other applications. Its chemical intermediates support the production of coatings, adhesives, solvents and other materials, while its ammonium sulfate products are marketed as nitrogen and sulfur fertilizers for agricultural use.

AdvanSix was established as an independent, publicly traded company in 2016 following its separation from Honeywell International.