Olin Corporation (NYSE:OLN) Shares Set to Pay Quarterly Dividend of $0.20

Olin Corporation (NYSE:OLN) announced a quarterly dividend on Wednesday, November 11th. Stockholders of record on Friday, November 27th will be paid a dividend of $0.20 per share by the specialty chemicals company on Friday, December 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, November 27th.

Olin has a dividend payout ratio of 41.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Olin to earn $0.14 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 571.4%.

Olin Stock Performance

Shares of OLN opened at $17.89 on Thursday. Olin has a 12 month low of $14.64 and a 12 month high of $30.46. The firm has a fifty day simple moving average of $16.48 and a 200 day simple moving average of $22.04. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of -12.17 and a beta of 1.14. The company has a current ratio of 1.45, a quick ratio of 0.88 and a debt-to-equity ratio of 1.75.

Olin (NYSE:OLN) last issued its quarterly earnings results on Thursday, October 29th. The specialty chemicals company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). Olin had a negative net margin of 2.49% and a negative return on equity of 6.63%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Research analysts forecast that Olin will post -0.83 EPS for the current fiscal year.

About Olin

Olin Corporation is a chemicals and ammunition manufacturer headquartered in Clayton, Missouri. Its businesses include chlor-alkali products and vinyls, epoxy materials, and Winchester-branded ammunition. Olin’s chemical operations produce chlorine, caustic soda, vinyl chloride and related products, as well as epoxy resins and intermediates. These materials serve customers in industries such as construction, water treatment, manufacturing and transportation. The company traces its origins to 1892, when Franklin W. Olin founded the Equitable Powder Company.