AdvanSix (ASIX) To Go Ex-Dividend on August 18th

AdvanSix (NYSE:ASIX) announced a quarterly dividend on Friday, August 7th. Stockholders of record on Tuesday, August 18th will be paid a dividend of 0.16 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, August 18th.

AdvanSix has a dividend payout ratio of 16.0% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Up 3.3%

Shares of ASIX opened at $17.08 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.70 and a current ratio of 1.28. AdvanSix has a one year low of $14.10 and a one year high of $26.73. The stock has a market capitalization of $461.13 million, a price-to-earnings ratio of -25.88 and a beta of 1.29. The stock has a 50 day moving average price of $20.08 and a 200 day moving average price of $20.78.

AdvanSix (NYSE:ASIX) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.37). AdvanSix had a negative net margin of 1.14% and a negative return on equity of 1.28%. The firm had revenue of $421.28 million during the quarter, compared to analyst estimates of $452.00 million. Equities research analysts forecast that AdvanSix will post -0.15 earnings per share for the current fiscal year.

About AdvanSix

AdvanSix, Inc (NYSE: ASIX) is an integrated chemical manufacturer specializing in the production of nylon 6 intermediates and related co‐products. Established as a publicly traded spin‐off from Honeywell Specialty Chemicals in June 2016, the company is headquartered in Parsippany, New Jersey.

The company’s principal product is caprolactam, the key building block for nylon 6 resin, used in fibers and engineering plastics across industries. In addition to caprolactam and nylon 6 resin, AdvanSix produces ammonium sulfate fertilizer and industrial chemicals such as phenol and acetone.