Sensient Technologies Co. (NYSE:SXT) Declares Quarterly Dividend of $0.39

Sensient Technologies Co. (NYSE:SXT) announced a quarterly dividend on Thursday, July 16th, Zacks reports. Investors of record on Monday, August 3rd will be paid a dividend of 0.39 per share by the specialty chemicals company on Tuesday, September 1st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Friday, July 31st.

Sensient Technologies has raised its dividend payment by an average of 32.4% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Sensient Technologies has a payout ratio of 58.9% meaning its dividend is sufficiently covered by earnings.

Shares of SXT stock traded up $0.96 on Wednesday, reaching $53.46. The company’s stock had a trading volume of 3,619 shares, compared to its average volume of 309,199. The company has a quick ratio of 1.64, a current ratio of 3.46 and a debt-to-equity ratio of 0.62. Sensient Technologies has a 12-month low of $38.24 and a 12-month high of $70.52. The company has a market capitalization of $2.25 billion, a P/E ratio of 33.65 and a beta of 1.07. The stock’s 50 day simple moving average is $52.31 and its 200-day simple moving average is $51.15.

Sensient Technologies (NYSE:SXT) last released its earnings results on Friday, July 17th. The specialty chemicals company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.04. The business had revenue of $323.10 million for the quarter, compared to analysts’ expectations of $316.90 million. Sensient Technologies had a return on equity of 13.58% and a net margin of 5.06%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 earnings per share. Research analysts expect that Sensient Technologies will post 2.7 EPS for the current year.

Separately, Stephens started coverage on Sensient Technologies in a research note on Thursday, July 9th. They issued an “overweight” rating and a $70.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $65.50.

About Sensient Technologies

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and fragrances in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group.

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Dividend History for Sensient Technologies (NYSE:SXT)

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