Flexible Solutions International, Inc. (NYSEAMERICAN:FSI) announced a semiannual dividend on Wednesday, March 13th, Wall Street Journal reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.075 per share by the basic materials company on Tuesday, October 15th. This represents a yield of 6.55%. The ex-dividend date of this dividend is Friday, September 27th.
Flexible Solutions International has a dividend payout ratio of 107.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
FSI stock opened at $2.29 on Thursday. The company has a market capitalization of $23.09 million and a price-to-earnings ratio of 16.36. Flexible Solutions International has a 12 month low of $1.23 and a 12 month high of $2.49.
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Flexible Solutions International Company Profile
Flexible Solutions International, Inc is an environmental technology company, which engages in the research, development, and manufacture of products that save water and energy. It operates through the Energy and Water Conservation Products; and Biodegradable Polymers business segments. The Energy and Water Conservation Products segment consists of liquid swimming pool blanket which saves energy and water by inhibiting evaporation from the pool surface, and food-safe powdered form of the active ingredient within the liquid blanket.
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