Sherwin-Williams Company (The) (SHW) to Issue Quarterly Dividend of $0.85 on December 8th
Sherwin-Williams Company (The) (NYSE:SHW) announced a quarterly dividend on Wednesday, October 18th, RTT News reports. Investors of record on Friday, November 17th will be paid a dividend of 0.85 per share by the specialty chemicals company on Friday, December 8th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, November 16th.
Sherwin-Williams Company (The) has increased its dividend by an average of 18.9% annually over the last three years and has raised its dividend annually for the last 38 consecutive years. Sherwin-Williams Company (The) has a dividend payout ratio of 22.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Sherwin-Williams Company (The) to earn $18.41 per share next year, which means the company should continue to be able to cover its $3.40 annual dividend with an expected future payout ratio of 18.5%.
Sherwin-Williams Company (NYSE SHW) opened at $389.13 on Wednesday. Sherwin-Williams Company has a twelve month low of $260.00 and a twelve month high of $398.22. The firm has a market capitalization of $36,443.31, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 2.17 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 3.68.
Sherwin-Williams Company (The) (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.05. Sherwin-Williams Company (The) had a return on equity of 58.02% and a net margin of 7.82%. The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same period in the prior year, the company earned $4.23 earnings per share. Sherwin-Williams Company (The)’s revenue was up 37.4% compared to the same quarter last year. equities research analysts predict that Sherwin-Williams Company will post 15.04 EPS for the current year.
A number of equities analysts have recently commented on the company. Citigroup Inc. raised their price target on Sherwin-Williams Company (The) from $405.00 to $442.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. reaffirmed a “buy” rating and issued a $425.00 price target on shares of Sherwin-Williams Company (The) in a report on Friday, November 10th. UBS AG raised their price target on Sherwin-Williams Company (The) from $375.00 to $395.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $400.00 price target (up from $360.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, October 25th. Finally, reaffirmed a “buy” rating and issued a $440.00 price target (up from $400.00) on shares of Sherwin-Williams Company (The) in a report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $398.25.
About Sherwin-Williams Company (The)
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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