Sensient Technologies Co. to Issue Quarterly Dividend of $0.33 (SXT)
Sensient Technologies Co. (NYSE:SXT) declared a quarterly dividend on Thursday, July 19th, RTT News reports. Shareholders of record on Friday, August 3rd will be given a dividend of 0.33 per share by the specialty chemicals company on Tuesday, September 4th. This represents a $1.32 annualized dividend and a yield of 1.82%.
Sensient Technologies has increased its dividend by an average of 7.9% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Sensient Technologies has a payout ratio of 35.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Sensient Technologies to earn $4.10 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 32.2%.
Sensient Technologies stock opened at $72.47 on Friday. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 20.41 and a beta of 0.92. The company has a current ratio of 3.75, a quick ratio of 1.45 and a debt-to-equity ratio of 0.84. Sensient Technologies has a twelve month low of $65.56 and a twelve month high of $84.98.
Several research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. TheStreet upgraded shares of Sensient Technologies from a “c+” rating to a “b-” rating in a research note on Tuesday, June 26th. Finally, ValuEngine lowered shares of Sensient Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $87.58.
In other Sensient Technologies news, Director Gebhardt Deborah Mckeithan purchased 1,000 shares of the company’s stock in a transaction dated Monday, April 30th. The shares were bought at an average price of $68.19 per share, for a total transaction of $68,190.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.94% of the company’s stock.
About Sensient Technologies
Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances in the United States and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.
Read More: How Short Selling Works
Receive News & Ratings for Sensient Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sensient Technologies and related companies with MarketBeat.com's FREE daily email newsletter.