AdvanSix Inc. (NYSE:ASIX) to Issue Quarterly Dividend of $0.16

AdvanSix Inc. (NYSE:ASIX) declared a quarterly dividend on Friday, February 21st, NASDAQ Dividends reports. Shareholders of record on Monday, March 10th will be paid a dividend of 0.16 per share on Monday, March 24th. This represents a $0.64 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Monday, March 10th.

AdvanSix has increased its dividend by an average of 72.4% annually over the last three years. AdvanSix has a payout ratio of 12.0% meaning its dividend is sufficiently covered by earnings. Analysts expect AdvanSix to earn $4.00 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 16.0%.

AdvanSix Trading Up 1.6 %

Shares of NYSE:ASIX traded up $0.47 during trading hours on Friday, hitting $29.78. 196,611 shares of the company’s stock traded hands, compared to its average volume of 101,945. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.62. The firm has a market capitalization of $796.02 million, a P/E ratio of 21.12 and a beta of 1.76. The business has a fifty day moving average price of $29.63 and a 200-day moving average price of $29.73. AdvanSix has a 1 year low of $20.86 and a 1 year high of $33.00.

AdvanSix (NYSE:ASIX) last issued its quarterly earnings data on Friday, February 21st. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.40. The company had revenue of $329.06 million during the quarter, compared to the consensus estimate of $377.15 million. AdvanSix had a net margin of 2.46% and a return on equity of 5.59%. Equities analysts expect that AdvanSix will post 1.3 earnings per share for the current year.

Insider Activity at AdvanSix

In other AdvanSix news, insider Christopher Gramm sold 1,951 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $32.00, for a total value of $62,432.00. Following the sale, the insider now directly owns 43,463 shares of the company’s stock, valued at approximately $1,390,816. This represents a 4.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Erin N. Kane sold 5,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $30.19, for a total transaction of $150,950.00. Following the completion of the sale, the chief executive officer now directly owns 502,795 shares in the company, valued at approximately $15,179,381.05. The trade was a 0.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,951 shares of company stock valued at $354,132 in the last ninety days. Company insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on ASIX shares. Piper Sandler boosted their price objective on shares of AdvanSix from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. StockNews.com raised AdvanSix from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th.

About AdvanSix

AdvanSix Inc engages in the manufacture and sale of polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, monoisopropylamine, dipropylamine, monoallylamine, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.