As the day concludes, Trinseo TSE is preparing to distribute a dividend payout of $0.01 per share, resulting in an annualized dividend yield of 0.28%. This payout is exclusive to investors who held the stock before the ex-dividend date on July 05, 2023.
Trinseo Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-07-05 | 4 | $0.01 | 0.28% | 2023-06-15 | 2023-07-06 | 2023-07-20 |
| 2023-04-05 | 4 | $0.14 | 2.33% | 2023-02-23 | 2023-04-06 | 2023-04-20 |
| 2023-01-04 | 4 | $0.32 | 5.19% | 2022-12-01 | 2023-01-05 | 2023-01-19 |
| 2022-10-05 | 4 | $0.32 | 5.35% | 2022-09-22 | 2022-10-06 | 2022-10-20 |
| 2022-07-06 | 4 | $0.32 | 3.13% | 2022-06-15 | 2022-07-07 | 2022-07-21 |
| 2022-04-06 | 4 | $0.32 | 2.18% | 2022-02-17 | 2022-04-07 | 2022-04-21 |
| 2022-01-05 | 4 | $0.32 | 2.74% | 2021-12-02 | 2022-01-06 | 2022-01-20 |
| 2021-09-30 | 4 | $0.32 | 2.72% | 2021-09-21 | 2021-10-01 | 2021-10-07 |
| 2021-07-07 | 4 | $0.08 | 0.53% | 2021-06-17 | 2021-07-08 | 2021-07-22 |
| 2021-04-07 | 4 | $0.08 | 0.52% | 2021-02-18 | 2021-04-08 | 2021-04-22 |
| 2021-01-06 | 4 | $0.08 | 0.73% | 2020-12-16 | 2021-01-07 | 2021-01-21 |
| 2020-10-07 | 4 | $0.4 | 6.24% | 2020-09-24 | 2020-10-08 | 2020-10-22 |
Compared to its industry peers, Trinseo's dividend yield is relatively lower, with Mativ Holdings MATV having a higher annualized dividend yield of 9.97%.
Analyzing Trinseo Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2019 to 2022, the company experienced a reduction in its dividend per share, decreasing from $1.60 to $1.28. This decline in dividends may raise concerns among investors and warrants further analysis to understand the factors contributing to this negative trend.
YoY Earnings Growth For Trinseo
Investors can observe a decrease in Trinseo's earnings per share from $2.98 in 2019 to $1.79 in 2022. This declining earnings trend may be concerning for income-seeking investors, as it indicates a potential impact on the company's cash dividend payouts. A comprehensive analysis is recommended to understand the factors driving this decrease and evaluate its implications on future dividend payments.
Recap
In this article, we explore the recent dividend payout of Trinseo and its significance for shareholders. The company has decided to distribute a dividend of $0.01 per share today, which equates to an annualized dividend yield of 0.28%.
Compared to its industry peers, Trinseo's dividend yield is relatively lower, with Mativ Holdings having a higher annualized dividend yield of 9.97%.
The decrease in both dividend per share and earnings per share from 2019 to 2022 for Trinseo suggests financial challenges, which may require a cautious approach in distributing profits to shareholders.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
