Trinseo PLC (TSE) to Issue Quarterly Dividend of $0.01 on July 22nd

Trinseo PLC (NYSE:TSE) declared a quarterly dividend on Thursday, June 27th, Zacks reports. Shareholders of record on Sunday, July 7th will be paid a dividend of 0.01 per share by the basic materials company on Monday, July 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Friday, July 5th.

Trinseo has decreased its dividend by an average of 33.1% per year over the last three years. Trinseo has a payout ratio of -1.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Trinseo to earn ($2.49) 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 -1.6%.

Trinseo Price Performance

Shares of Trinseo stock opened at $2.31 on Friday. The company’s fifty day simple moving average is $3.02 and its two-hundred day simple moving average is $4.58. Trinseo has a 12-month low of $2.30 and a 12-month high of $18.63.

Trinseo (NYSE:TSE) last issued its quarterly earnings results on Wednesday, May 8th. The basic materials company reported ($1.94) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.07) by $0.13. The company had revenue of $904.00 million during the quarter, compared to analyst estimates of $863.60 million. Trinseo had a negative net margin of 20.32% and a negative return on equity of 905.55%. On average, equities analysts expect that Trinseo will post -5.35 earnings per share for the current fiscal year.

About Trinseo

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.