Today, October 19, 2023, marks an important moment for investors of Trinseo TSE. The company will distribute a dividend payout of $0.01 per share, demonstrating an annualized dividend yield of 0.45%. Remember, only shareholders prior to the ex-dividend date on October 04, 2023 are eligible for this payout.
Trinseo Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-04 | 4 | $0.01 | 0.45% | 2023-09-21 | 2023-10-05 | 2023-10-19 |
| 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 |
When comparing Trinseo's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Kronos Worldwide KRO having the highest annualized dividend yield at 10.64%.
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
The earnings chart above reveals a decrease in Trinseo's earnings per share, declining from $2.98 in 2019 to $1.79 in 2022. This could raise concerns for income-seeking investors, as it suggests a decline in the company's profitability. It is crucial to closely monitor the situation and assess the factors contributing to this decrease, as it may have implications for future cash dividend payouts.
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 0.45%.
When comparing Trinseo's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Kronos Worldwide having the highest annualized dividend yield at 10.64%.
The decline in dividend per share and earnings per share for Trinseo from 2019 to 2022 could signify a challenging financial situation, requiring careful consideration in terms of future profit distributions to shareholders.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
[Monitor live stock price updates for Trinseo on Benzinga.](https://www.benzinga.com/quote/Trinseo (NYSE: TSE))
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.
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