PolyOne Corp. (NYSE:POL) announced a quarterly dividend on Thursday, October 13th. Stockholders of record on Friday, December 16th will be paid a dividend of 0.1325 per share on Friday, January 6th. This represents a $0.53 annualized dividend and a dividend yield of 1.72%. This is a boost from PolyOne Corp.’s previous quarterly dividend of $0.12.

Shares of PolyOne Corp. (NYSE:POL) opened at 30.84 on Friday. PolyOne Corp. has a 12 month low of $22.35 and a 12 month high of $38.41. The firm has a market cap of $2.59 billion, a P/E ratio of 19.46 and a beta of 1.41. The stock’s 50 day moving average is $33.06 and its 200 day moving average is $34.65.

PolyOne Corp. (NYSE:POL) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. The firm earned $861.50 million during the quarter, compared to the consensus estimate of $879.38 million. PolyOne Corp. had a return on equity of 25.34% and a net margin of 4.11%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the company posted $0.57 EPS. Equities research analysts expect that PolyOne Corp. will post $2.17 EPS for the current year.

Dividend History for PolyOne Corp. (NYSE:POL)

Hedge funds have recently made changes to their positions in the stock. Azimuth Capital Management LLC boosted its position in PolyOne Corp. by 1.5% in the second quarter. Azimuth Capital Management LLC now owns 6,800 shares of the company’s stock valued at $240,000 after buying an additional 100 shares during the period. BlackRock Group LTD boosted its position in PolyOne Corp. by 1.3% in the second quarter. BlackRock Group LTD now owns 64,289 shares of the company’s stock valued at $2,265,000 after buying an additional 834 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in PolyOne Corp. by 4.6% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 57,666 shares of the company’s stock valued at $2,032,000 after buying an additional 2,551 shares during the period. Pacad Investment Ltd. boosted its position in PolyOne Corp. by 23.8% in the second quarter. Pacad Investment Ltd. now owns 15,090 shares of the company’s stock valued at $532,000 after buying an additional 2,900 shares during the period. Finally, US Bancorp DE boosted its position in PolyOne Corp. by 76.3% in the second quarter. US Bancorp DE now owns 6,880 shares of the company’s stock valued at $242,000 after buying an additional 2,978 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.

A number of research firms recently weighed in on POL. Goldman Sachs Group Inc. downgraded PolyOne Corp. from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $42.00 to $38.00 in a research report on Wednesday, July 27th. Zacks Investment Research upgraded PolyOne Corp. from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Saturday, July 30th. Jefferies Group restated a “hold” rating on shares of PolyOne Corp. in a research report on Wednesday, July 6th. Finally, Wellington Shields upgraded PolyOne Corp. from a “hold” rating to a “gradually accumulate” rating in a research report on Thursday, June 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. PolyOne Corp. presently has a consensus rating of “Hold” and a consensus price target of $37.33.

PolyOne Corp. Company Profile

5 Day Chart for NYSE:POL

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