Sensient Technologies Co. (NYSE:SXT) Plans $0.41 Quarterly Dividend

Sensient Technologies Co. (NYSE:SXT) announced a quarterly dividend on Friday, January 17th,RTT News reports. Investors of record on Tuesday, February 4th will be given a dividend of 0.41 per share by the specialty chemicals company on Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.22%.

Sensient Technologies has increased its dividend payment by an average of 1.3% annually over the last three years. Sensient Technologies has a dividend payout ratio of 42.9% meaning its dividend is sufficiently covered by earnings.

Sensient Technologies Trading Up 1.4 %

Shares of NYSE:SXT opened at $73.73 on Friday. The company has a current ratio of 3.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.58. Sensient Technologies has a 12-month low of $55.02 and a 12-month high of $82.99. The business has a 50 day moving average of $74.82 and a two-hundred day moving average of $75.92. The company has a market capitalization of $3.12 billion, a PE ratio of 35.28 and a beta of 0.77.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. Sensient Technologies had a net margin of 5.80% and a return on equity of 11.41%. The firm had revenue of $392.61 million for the quarter, compared to the consensus estimate of $390.64 million. During the same period in the prior year, the firm posted $0.75 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, analysts forecast that Sensient Technologies will post 2.82 EPS for the current year.

Insider Activity at Sensient Technologies

In other Sensient Technologies news, insider Michael C. Geraghty sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $80.48, for a total transaction of $321,920.00. Following the completion of the sale, the insider now directly owns 36,518 shares in the company, valued at approximately $2,938,968.64. The trade was a 9.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Sensient Technologies from a “hold” rating to a “buy” rating in a research note on Monday, October 28th.

About Sensient Technologies

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.