Orion S.A. (NYSE:OEC) Declares Quarterly Dividend of $0.02

Orion S.A. (NYSE:OEC) announced a quarterly dividend on Thursday, September 17th. Investors of record on Friday, December 11th will be paid a dividend of 0.0207 per share by the specialty chemicals company on Tuesday, January 19th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, December 11th.

Orion has decreased its dividend payment by an average of 0.2%per year over the last three years. Orion has a payout ratio of 4.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Orion to earn $0.35 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 22.9%.

Orion Stock Performance

NYSE:OEC opened at $5.84 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.64 and a debt-to-equity ratio of 1.72. The firm has a 50-day moving average price of $6.39 and a two-hundred day moving average price of $6.52. Orion has a twelve month low of $4.34 and a twelve month high of $8.86. The company has a market capitalization of $330.08 million, a P/E ratio of -3.38 and a beta of 0.99.

Orion (NYSE:OEC) last announced its earnings results on Wednesday, August 5th. The specialty chemicals company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Orion had a negative return on equity of 0.31% and a negative net margin of 5.28%.The business had revenue of $500.90 million for the quarter, compared to analyst estimates of $474.43 million. As a group, research analysts expect that Orion will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Orion

A number of hedge funds have recently bought and sold shares of the company. Pzena Investment Management LLC acquired a new stake in shares of Orion during the second quarter worth $31,638,000. BlackRock Inc. acquired a new position in Orion in the second quarter valued at $27,898,000. Sei Investments Co. lifted its position in Orion by 80.3% during the first quarter. Sei Investments Co. now owns 413,968 shares of the specialty chemicals company’s stock worth $2,691,000 after buying an additional 184,377 shares during the period. Lazard Asset Management LLC boosted its stake in Orion by 13.2% in the 1st quarter. Lazard Asset Management LLC now owns 409,592 shares of the specialty chemicals company’s stock worth $2,662,000 after buying an additional 47,902 shares during the last quarter. Finally, JB Capital Partners LP acquired a new stake in Orion in the 4th quarter worth about $1,769,000. Institutional investors and hedge funds own 94.33% of the company’s stock.

Orion Company Profile

Orion SA (NYSE: OEC) is a specialty chemicals company that develops, produces and markets carbon black. Its products are used as pigments, performance additives and conductive materials in applications including tires, rubber goods, coatings, printing inks, plastics, batteries and other industrial products.

The company supplies both specialty and high-performance carbon black products, which can provide coloration, ultraviolet protection, conductivity and reinforcement. Orion serves customers across a range of industries and operates internationally, with manufacturing and commercial activities spanning the Americas, Europe, the Middle East, Africa and Asia-Pacific.

Orion traces its roots to the carbon black operations formerly associated with Evonik Industries and became an independent publicly traded company in 2011.