Trinseo PLC to Issue Quarterly Dividend of $0.01 (NYSE:TSE)

Trinseo PLC (NYSE:TSE - Get Free Report) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Investors of record on Thursday, April 10th will be given a dividend of 0.01 per share by the basic materials company on Thursday, April 24th. This represents a $0.04 annualized dividend and a yield of 0.87%. The ex-dividend date is Thursday, April 10th.

Trinseo has decreased its dividend payment by an average of 63.2% per year over the last three years. Trinseo has a dividend payout ratio of -1.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Trinseo to earn ($2.12) per share next year, which means the company may not be able to cover its $0.04 annual dividend with an expected future payout ratio of -1.9%.

Trinseo Stock Performance

NYSE:TSE traded down $0.31 during trading hours on Monday, hitting $4.61. 260,128 shares of the company's stock traded hands, compared to its average volume of 298,841. The firm has a market cap of $163.20 million, a P/E ratio of -0.47 and a beta of 1.54. Trinseo has a twelve month low of $1.93 and a twelve month high of $7.05. The stock's fifty day moving average price is $4.75 and its two-hundred day moving average price is $4.69.

Trinseo (NYSE:TSE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The basic materials company reported ($2.67) earnings per share for the quarter, missing the consensus estimate of ($2.30) by ($0.37). On average, equities research analysts predict that Trinseo will post -3.88 earnings per share for the current year.

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Trinseo Company Profile

Trinseo PLC operates as a specialty material solutions provider in the United States, Europe, the Asia-Pacific, and internationally. It operates through five segments: Engineered Materials, Latex Binders, Plastics Solutions, Polystyrene, and Americas Styrenics. The Engineered Materials segment offers rigid thermoplastic compounds and blends, soft thermoplastic, continuous cast, cell cast, activated methyl methacrylates (MMA), PMMA resins, and extruded PMMA sheets and resins for consumer electronics, medical, footwear, automotive, and building and construction applications under the EMERGE, CALIBRE, PLEXIGLAS, ALTUGLAS, ACRYSPA, AVONITE, STUDIO, MEGOL, APILON, APIGO, and APINAT brands.