Trinseo Plc dividend yield – TRINSEO PLC Cuts Dividend by 92.9%, Sets New Rate at $0.01/Share
June 21, 2023
🌧️Trending News
TRINSEO PLC ($NYSE:TSE), a chemical and materials company that produces plastics, latex, and rubber, has recently announced a drastic cut in their dividend rate. The new rate is $0.01 per share, which represents a significant 92.9% decrease from the previous rate. This decision has been made as the company attempts to manage its cash flow more effectively in the midst of the global financial crisis.
The company claims that this move is necessary in order to reduce their debt levels, as well as to shore up their liquidity position in order to see them through this challenging period. Despite the recent announcement of their dividend cut, they remain an important player in their sector and are committed to providing quality products and services to their customers.
Dividends – Trinseo Plc dividend yield
TRINSEO PLC has made the decision to drastically reduce their dividend by 92.9%, setting the new rate at $0.01/share. Over the past 3 years, TRINSEO PLC has issued annual dividends per share of 1.1, 1.28, and 0.8 USD. This results in dividend yields from 2021 to 2023 of 3.52%, 3.0%, and 1.03%, respectively, with an average dividend yield of 2.52%.
Investors interested in dividend stocks should add TRINSEO PLC to their list of consideration. The company’s commitment to providing its shareholders with a return on their investments is evident in this recent decision, and the low amount of risk associated with it may make it a desirable option.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Trinseo Plc. More…
| Total Revenues | Net Income | Net Margin |
| 4.58k | -496.5 | -5.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Trinseo Plc. More…
| Operations | Investing | Financing |
| 93.9 | -138.8 | -183.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Trinseo Plc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.74k | 3.37k | 10.71 |
Key Ratios Snapshot
Some of the financial key ratios for Trinseo Plc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.2% | 11.6% | -9.7% |
| FCF Margin | ROE | ROA |
| -1.1% | -69.9% | -7.4% |
Analysis
GoodWhale recently conducted an analysis of TRINSEO PLC‘s fundamentals. Our Risk Rating analysis revealed that the company is a medium risk investment when it comes to financial and business aspects. We also discovered one risk warning in the cashflow statement, and you can register with us to check it out. More…
Peers
In the global market for specialty chemicals, Trinseo PLC competes with several large multinational companies, including Evonik Industries AG, PPG Industries Inc, and Shandong Dongyue Organosilicon Materials Co Ltd. The company has a strong presence in Europe and North America, and is expanding its operations in Asia.
– Evonik Industries AG ($OTCPK:EVKIF)
Evonik Industries AG is a German chemical company with a market cap of 9.4 billion as of 2022. The company’s return on equity is 8.43%. Evonik Industries AG produces a wide range of chemicals and materials, including polymers, performance materials, and health and nutrition products. The company has over 33,000 employees and operates in more than 100 countries.
– PPG Industries Inc ($NYSE:PPG)
PPG Industries, Inc., is an American Fortune 500 company and global supplier of paints, coatings, and specialty materials. It was founded in 1883 by John Pitcairn as the Pittsburgh Plate Glass Company. The company produces coatings for automotive, aerospace, construction, and industrial applications. PPG’s headquarters are located in Pittsburgh, Pennsylvania.
– Shandong Dongyue Organosilicon Materials Co Ltd ($SZSE:300821)
Shandong Dongyue Organosilicon Materials Co., Ltd. engages in the research and development, production, and sale of organosilicon products. It operates through the following segments: Organosilicon, Electronic Grade, and Organic Silicon. The Organosilicon segment produces and sells dimethyl disilane, hexamethyldisilane, trimethylsilane, tetramethylsilane, and methylchlorosilane. The Electronic Grade segment produces and sells electronic grade silicon materials. The Organic Silicon segment produces and sells cyclic polydimethylsiloxane, functional fluids, and intermediates. The company was founded on December 28, 2001 and is headquartered in Zibo, China.
Summary
Trinseo PLC is an attractive investing prospect for investors due to its recent strategic dividend cut of 92.9%. This move has helped to increase the stock’s price, making it an attractive option for investors seeking value. The company has also seen a decrease in its debt levels as well as reduced capital spending, both of which are positive indicators.
In addition, Trinseo PLC has been able to maintain a strong balance sheet and positive cash flow. Overall, Trinseo PLC is a solid option for investors who are looking to invest in a company with a strong financial position.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
