Orion Engineered Carbons said on March 9, 2023 that its board of directors has approved a regular quarterly dividend $0.02 per share ($0.08 annualized). Previously, the company paid $0.02 per share.
The shares must have been purchased before the ex-split date of March 20, 2023, to qualify for the dividend. Shareholders of record as of March 21, 2023 will receive the payment on April 5, 2023.
At the current share price of $24.53/share, the stock’s dividend yield is 0.34%. Looking back five years and taking a sample each week, the average dividend yield has been 3.20%, with a low of 0.31%, and a high of 11.89%. The standard deviation of the yield is 2.67 (n=176).
The current dividend yield is 1.07 standard deviations below the historical average.
Additionally, the company has a dividend payout ratio of 0.05. The payout ratio tells us how much of a company’s earnings is paid out in dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out in dividends. A payout ratio greater than one means the company is dipping into savings to maintain its dividend — not a healthy situation. Companies with some growth potential are expected to pay out most of their earnings in dividends, which typically have a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some of the earnings to invest in those growth prospects, which translates into a payout ratio of zero to 0.5.
The company’s 3-year dividend growth rate is -0.90%.
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Analyst Price Forecast Indicates 35.14% Upside
By March 10, 2023, average one year price target For Orion Engineered Carbons is $33.15. Forecasts range from a low of $26.26 to a high of $42.00. The average price target represents an upside of 35.14% from its latest reported closing price of $24.53.
see our Leaderboard of companies With the biggest price target on the upside.
The estimated annual revenue for Orion Engineered Carbons is $2,197MM, an increase of 8.18%. Estimated Annual Non-GAAP eps
What is Fund Sentiment?
there are 368 Reporting of fund or institution positions In Orion Engineered Carbons. This is an increase of 14 owners or 3.95% over the previous quarter. average portfolio weight of all funds Dedicated to OEC is 0.37%, an increase of 19.30%. The total shares owned by institutions decreased by 1.78% to 63,097K shares in last three months. put/call ratio The OEC stands at 0.84, indicating a bullish outlook.
What are the big shareholders doing?
Pajena Investment Management
The company holds 4,344K shares representing 7.24% ownership. In its prior filing, the firm reported representing 4,537K shares.
of 4.46%. Firm
Its portfolio allocation in OEC has increased by 13.77% as compared to the previous quarter.
T Rowe Value Investment Management
The company holds 3,645K shares representing 6.08% ownership. In its prior filing, the firm reported representing 4,246K shares.
of 16.50%. Firm
Its portfolio allocation in OEC has increased by 9.99% as compared to the previous quarter.
William Blair Investment Management
The company holds 3,348K shares representing 5.58% ownership. In its prior filing, the firm reported representing 3,245K shares.
of 3.07%. Firm
fell short of
Its portfolio allocation in OEC has increased by 99.87% as compared to the previous quarter.
The company holds 2,742K shares representing 4.57% ownership. No change from last quarter.
Hawk Ridge Capital Management
The company holds 2,365K shares representing 3.94% ownership. In its prior filing, the firm reported representing 2,674K shares.
of 13.07%. Firm
Its portfolio allocation in OEC has increased by 27.19% as compared to the previous quarter.
Orion Engineered Carbon Background Information
(This description is provided by the company.)
Orion Engineered Carbon is a global supplier of carbon black products, including high-performance specialty gas black, acetylene black, furnace black, lamp black, thermal black and other carbon blacks that enhance the performance of polymers, plastics, paints and dyes, They color and enhance it. coatings, inks and toners, textile fibers, adhesives and sealants, batteries, tires, and mechanical rubber goods, such as automotive belts and hoses. The company has over 125 years of history in providing customized solutions from a network of 14 global production sites and is dedicated to responsible business practices that emphasize reliability, innovation and sustainability.
This story originally appeared on Fintail,
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