Sensient Technologies Co. (NYSE:SXT – Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Monday, May 6th will be given a dividend of 0.41 per share by the specialty chemicals company on Monday, June 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Friday, May 3rd.
Sensient Technologies has raised its dividend payment by an average of 1.7% per year over the last three years. Sensient Technologies has a payout ratio of 49.7% meaning its dividend is sufficiently covered by earnings.
Sensient Technologies Price Performance
Shares of SXT traded up $0.72 during mid-day trading on Friday, hitting $70.36. 271,131 shares of the company were exchanged, compared to its average volume of 258,382. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 31.69 and a beta of 0.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.43 and a current ratio of 3.96. Sensient Technologies has a 1-year low of $52.90 and a 1-year high of $78.70. The company has a 50 day moving average of $68.02 and a 200-day moving average of $63.22.
Sensient Technologies Company Profile
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.
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