AdvanSix Inc. (NYSE:ASIX) Announces Quarterly Dividend of $0.16

AdvanSix Inc. (NYSE:ASIXGet Free Report) announced a quarterly dividend on Friday, May 3rd, Zacks reports. Stockholders of record on Tuesday, May 14th will be given a dividend of 0.16 per share on Tuesday, May 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Monday, May 13th.

AdvanSix Trading Down 14.1 %

NYSE ASIX opened at $22.13 on Friday. The company has a market capitalization of $593.31 million, a price-to-earnings ratio of 737.91 and a beta of 1.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.17 and a quick ratio of 0.58. AdvanSix has a 12 month low of $21.55 and a 12 month high of $40.85. The company’s fifty day moving average price is $26.94 and its two-hundred day moving average price is $27.08.

AdvanSix (NYSE:ASIXGet Free Report) last issued its quarterly earnings results on Friday, February 16th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.02. The business had revenue of $382.21 million for the quarter, compared to analysts’ expectations of $335.80 million. AdvanSix had a net margin of 3.56% and a return on equity of 6.98%. As a group, research analysts predict that AdvanSix will post 1.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Stifel Nicolaus reiterated a “buy” rating and issued a $40.00 target price on shares of AdvanSix in a research report on Tuesday, April 9th.

View Our Latest Report on AdvanSix

Insider Buying and Selling

In related news, CEO Erin N. Kane sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $28.30, for a total value of $141,500.00. Following the sale, the chief executive officer now owns 557,755 shares of the company’s stock, valued at approximately $15,784,466.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Erin N. Kane sold 5,000 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $28.30, for a total transaction of $141,500.00. Following the completion of the transaction, the chief executive officer now owns 557,755 shares of the company’s stock, valued at $15,784,466.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Erin N. Kane sold 1,385 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $27.96, for a total transaction of $38,724.60. Following the completion of the sale, the chief executive officer now directly owns 556,370 shares in the company, valued at approximately $15,556,105.20. The disclosure for this sale can be found here. Insiders have sold a total of 21,048 shares of company stock worth $578,848 over the last quarter. 5.20% of the stock is owned by company insiders.

About AdvanSix

(Get Free Report)

AdvanSix Inc engages in the manufacture and sale of polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, monoisopropylamine, dipropylamine, monoallylamine, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.

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Dividend History for AdvanSix (NYSE:ASIX)

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