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

Trinseo PLC (NYSE:TSE) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 0.80%.

Trinseo has decreased its dividend 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. Equities 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 Price Performance

Shares of TSE opened at $5.02 on Friday. The stock has a 50-day moving average of $4.75 and a 200-day moving average of $4.63. Trinseo has a one year low of $1.93 and a one year high of $7.05. The company has a market cap of $177.54 million, a PE ratio of -0.51 and a beta of 1.54.

Trinseo (NYSE:TSE) last issued its earnings results on Wednesday, February 12th. The basic materials company reported ($2.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.30) by ($0.37). Analysts expect that Trinseo will post -3.88 EPS for the current fiscal year.

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.