Sensient Technologies Co. to Issue Quarterly Dividend of $0.41 (NYSE:SXT)

Sensient Technologies Co. (NYSE:SXT) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Monday, May 6th will be given a dividend of 0.41 per share by the specialty chemicals company on Monday, June 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Friday, May 3rd.

Sensient Technologies has increased its dividend payment by an average of 1.7% per year over the last three years. Sensient Technologies has a dividend payout ratio of 49.7% indicating that its dividend is sufficiently covered by earnings.

Sensient Technologies Stock Up 1.0 %

SXT stock opened at $70.36 on Friday. Sensient Technologies has a fifty-two week low of $52.90 and a fifty-two week high of $78.70. The stock has a fifty day moving average of $68.02 and a 200-day moving average of $63.22. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.43 and a current ratio of 3.96. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 31.69 and a beta of 0.79.

Sensient Technologies (NYSE:SXT) last issued its earnings results on Friday, February 9th. The specialty chemicals company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.04). Sensient Technologies had a return on equity of 11.52% and a net margin of 6.41%. The company had revenue of $349.30 million during the quarter, compared to the consensus estimate of $371.10 million. During the same quarter in the prior year, the business earned $0.64 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts predict that Sensient Technologies will post 2.95 earnings per share for the current year.

About Sensient Technologies

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.