Trinseo PLC (TSE) to Issue Quarterly Dividend of $0.01 on January 23rd

Trinseo PLC (NYSE:TSE) declared a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Investors of record on Friday, January 10th will be paid 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 yield of 0.80%. The ex-dividend date is Friday, January 10th.

Trinseo has decreased its dividend by an average of 33.1% annually 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. Analysts expect Trinseo to earn ($3.97) 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 -1.0%.

Trinseo Stock Down 1.0 %

Shares of TSE stock opened at $5.00 on Wednesday. The stock has a market capitalization of $177.01 million, a PE ratio of -0.36 and a beta of 1.57. Trinseo has a 52-week low of $1.93 and a 52-week high of $7.49. The stock’s 50-day moving average price is $4.56 and its 200 day moving average price is $4.10.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Trinseo from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th.

About Trinseo

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.