PolyOne Corporation (NYSE:POL) declared a quarterly dividend on Thursday, October 12th, RTT News reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.175 per share by the specialty chemicals company on Wednesday, January 10th. This represents a $0.70 annualized dividend and a dividend yield of 1.71%. This is an increase from PolyOne Corporation’s previous quarterly dividend of $0.14.
PolyOne Corporation has raised its dividend payment by an average of 27.8% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. PolyOne Corporation has a payout ratio of 24.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PolyOne Corporation to earn $2.49 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 21.7%.
PolyOne Corporation (NYSE:POL) opened at 40.87 on Friday. The company’s market cap is $3.34 billion. The stock’s 50 day moving average is $38.37 and its 200 day moving average is $37.37. PolyOne Corporation has a 1-year low of $28.77 and a 1-year high of $41.24.
PolyOne Corporation (NYSE:POL) last announced its quarterly earnings data on Tuesday, July 25th. The specialty chemicals company reported $0.63 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.63. PolyOne Corporation had a negative net margin of 1.75% and a positive return on equity of 25.84%. The company had revenue of $814.10 million during the quarter, compared to analysts’ expectations of $812.52 million. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. Equities analysts anticipate that PolyOne Corporation will post $2.21 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “PolyOne Corporation (POL) Plans Dividend Increase – $0.18 Per Share” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.tickerreport.com/banking-finance/2957050/polyone-corporation-pol-plans-dividend-increase-0-18-per-share.html.
A number of brokerages have recently issued reports on POL. Robert W. Baird reaffirmed a “buy” rating and issued a $42.00 price objective on shares of PolyOne Corporation in a research note on Thursday. BidaskClub raised shares of PolyOne Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Zacks Investment Research cut shares of PolyOne Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $42.00 price objective on shares of PolyOne Corporation in a research note on Friday, September 15th. Finally, CIBC began coverage on shares of PolyOne Corporation in a research note on Thursday, August 17th. They issued an “outperform” rating and a $43.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $42.50.
PolyOne Corporation Company Profile
PolyOne Corporation (PolyOne) provides specialized polymer materials, services and solutions. The Company’s segments include Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions, and PolyOne Distribution. The Color, Additives and Inks segment provides custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets.
Receive News & Ratings for PolyOne Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PolyOne Corporation and related companies with MarketBeat.com's FREE daily email newsletter.