#6 - PolyOne (NYSE:POL)
PolyOne (POLY)
Year-to-date loss: - 30.6%
PolyOne (NYSE:POL) is a global provider of specialized polymer materials and services. The company is on the forefront of developing sustainable plastics solutions. It had 2018 revenue of $2.9 billion. PolyOne is posting a loss in 2020. However, analysts remain bullish on the stock. And despite POLY stock falling to a low of just over $10 in mid-March, the stock has rallied. In the last six weeks, it’s up over 130%.
The company recently posted higher earnings per share than analysts had expected. For growth investors, revenue is not as important as earnings. And PolyOne has among the fastest earnings growth.
And investors can not only benefit from solid earnings growth, but PolyOne also pays out a stable dividend. The company has a dividend yield of 3.44%. The dividend has increased its dividend in each of the last 8 years. The average increase has been 11.78% every year. And PolyOne’s payout ratio is 47.93% which means its dividend looks very sustainable.
About PolyOne
Avient Corp. engages in the business of thermoplastic compounds. It specializes in polymer materials, services, and solutions with operations in specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions and polymer distribution. The firm is also involved in the development and manufacturing of performance enhancing additives, liquid colorants, fluoropolymers and silicone colorants.
Read More - Current Price
- $0.61
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
