Olin Corporation (OLN) To Go Ex-Dividend on November 28th

Olin Corporation (NYSE:OLN) declared a quarterly dividend on Wednesday, November 12th. Stockholders of record on Friday, November 28th will be given a dividend of 0.20 per share by the specialty chemicals company on Friday, December 12th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, November 28th.

Olin has a payout ratio of 41.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Olin to earn $3.02 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 26.5%.

Olin Price Performance

Shares of NYSE:OLN opened at $20.81 on Friday. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 45.24, a P/E/G ratio of 6.54 and a beta of 1.79. Olin has a 1 year low of $17.66 and a 1 year high of $44.05. The company has a current ratio of 1.56, a quick ratio of 0.89 and a debt-to-equity ratio of 1.49. The business has a fifty day simple moving average of $23.36 and a 200 day simple moving average of $21.78.

Olin (NYSE:OLN) last issued its earnings results on Monday, October 27th. The specialty chemicals company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.31. Olin had a return on equity of 3.36% and a net margin of 0.79%.The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company posted ($0.21) earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts predict that Olin will post 1.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

OLN has been the topic of a number of research reports. KeyCorp dropped their price objective on Olin from $30.00 to $29.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. UBS Group decreased their target price on shares of Olin from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Citigroup restated a “neutral” rating on shares of Olin in a research note on Wednesday, October 29th. Royal Bank Of Canada set a $26.00 price objective on shares of Olin and gave the company a “sector perform” rating in a research note on Tuesday, October 14th. Finally, Mizuho set a $26.00 price objective on shares of Olin in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $25.00.

About Olin

Olin Corporation manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, and chlorinated organics intermediates and solvents.