Trinseo PLC Plans Quarterly Dividend of $0.01 (NYSE:TSE)

Trinseo PLC (NYSE:TSE) declared a quarterly dividend on Monday, November 25th,Wall Street Journal reports. Stockholders of record on Thursday, January 9th will be given a dividend of 0.01 per share by the basic materials company on Thursday, January 23rd. This represents a $0.04 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, January 9th.

Trinseo has decreased its dividend payment by an average of 33.1% per year over the last three years. Trinseo has a payout ratio of -1.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Trinseo to earn ($3.59) per share next year, which means the company may not be able to cover its $0.04 annual dividend with an expected future payout ratio of -1.1%.

Trinseo Stock Up 6.8 %

Shares of TSE stock traded up $0.24 during trading hours on Monday, hitting $3.79. 221,793 shares of the company’s stock traded hands, compared to its average volume of 465,046. The stock’s 50 day simple moving average is $4.89 and its 200 day simple moving average is $3.70. The stock has a market cap of $134.17 million, a PE ratio of -0.27 and a beta of 1.64. Trinseo has a 12 month low of $1.93 and a 12 month high of $8.83.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Trinseo from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th.

Trinseo Company Profile

Trinseo PLC operates as a specialty material solutions provider in the United States, Europe, the Asia-Pacific, and internationally. It operates through five segments: Engineered Materials, Latex Binders, Plastics Solutions, Polystyrene, and Americas Styrenics. The Engineered Materials segment offers rigid thermoplastic compounds and blends, soft thermoplastic, continuous cast, cell cast, activated methyl methacrylates (MMA), PMMA resins, and extruded PMMA sheets and resins for consumer electronics, medical, footwear, automotive, and building and construction applications under the EMERGE, CALIBRE, PLEXIGLAS, ALTUGLAS, ACRYSPA, AVONITE, STUDIO, MEGOL, APILON, APIGO, and APINAT brands.