AdvanSix Inc. (NYSE:ASIX) Declares $0.16 Quarterly Dividend

AdvanSix Inc. (NYSE:ASIX - Get Free Report) announced a quarterly dividend on Friday, February 21st, NASDAQ Dividends reports. Stockholders of record on Monday, March 10th will be paid a dividend of 0.16 per share on Monday, March 24th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Monday, March 10th.

AdvanSix has increased its dividend by an average of 72.4% annually over the last three years. AdvanSix has a payout ratio of 13.7% indicating that its dividend is sufficiently covered by earnings.

AdvanSix Price Performance

AdvanSix stock opened at $28.58 on Thursday. AdvanSix has a 12-month low of $20.86 and a 12-month high of $33.00. The stock has a market cap of $763.94 million, a P/E ratio of 17.75 and a beta of 1.76. The company has a 50-day moving average price of $29.57 and a 200 day moving average price of $29.76. The company has a current ratio of 1.08, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

AdvanSix (NYSE:ASIX - Get Free Report) last announced its quarterly earnings results on Friday, February 21st. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.37) by $0.40. AdvanSix had a net margin of 2.91% and a return on equity of 6.26%. The business had revenue of $329.06 million during the quarter, compared to analysts' expectations of $377.15 million. Sell-side analysts anticipate that AdvanSix will post 4 earnings per share for the current year.

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Insider Buying and Selling

In related news, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $30.19, for a total transaction of $150,950.00. Following the completion of the transaction, the chief executive officer now directly owns 502,795 shares of the company's stock, valued at approximately $15,179,381.05. The trade was a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 5.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ASIX. Piper Sandler raised their target price on shares of AdvanSix from $35.00 to $39.00 and gave the company an "overweight" rating in a report on Friday, November 8th. StockNews.com upgraded shares of AdvanSix from a "hold" rating to a "buy" rating in a report on Wednesday, December 4th.

About AdvanSix

AdvanSix Inc engages in the manufacture and sale of polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, monoisopropylamine, dipropylamine, monoallylamine, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.