Element Solutions Inc (NYSE:ESI) Declares $0.08 Quarterly Dividend

Element Solutions Inc (NYSE:ESI) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors of record on Monday, March 3rd will be given a dividend of 0.08 per share on Monday, March 17th. This represents a $0.32 annualized dividend and a yield of 1.23%. The ex-dividend date is Monday, March 3rd.

Element Solutions has increased its dividend by an average of 8.6% annually over the last three years. Element Solutions has a payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Element Solutions to earn $1.46 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 21.9%.

Element Solutions Stock Performance

NYSE:ESI opened at $26.06 on Friday. The company has a market capitalization of $6.31 billion, a P/E ratio of 23.48, a P/E/G ratio of 2.17 and a beta of 1.30. The business has a fifty day simple moving average of $25.91 and a two-hundred day simple moving average of $26.31. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. Element Solutions has a 1 year low of $21.42 and a 1 year high of $29.78.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ESI shares. Barclays cut their price target on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Truist Financial initiated coverage on shares of Element Solutions in a research report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price target on the stock. Bank of America restated a “neutral” rating and set a $28.00 price target (down from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. Finally, BMO Capital Markets boosted their target price on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.14.

Element Solutions Company Profile

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.