PolyOne Co. Declares Quarterly Dividend of $0.08 (POL)
PolyOne (NYSE:POL) announced a quarterly dividend on Wednesday, July 9th, AmericanBankingNews.com reports. Shareholders of record on Friday, September 12th will be paid a dividend of 0.08 per share on Friday, October 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.75%.
A number of research firms have recently commented on POL. Analysts at KeyCorp reiterated a “buy” rating on shares of PolyOne in a research note on Monday, June 2nd. They now have a $48.00 price target on the stock, up previously from $45.00. Analysts at Jefferies Group raised their price target on shares of PolyOne from $44.00 to $47.00 in a research note on Monday, June 2nd. They now have a “buy” rating on the stock. Four analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $43.82.
PolyOne (NYSE:POL) traded up 0.21% on Wednesday, hitting $42.70. The stock had a trading volume of 383,741 shares. PolyOne has a 52-week low of $26.04 and a 52-week high of $43.34. The stock has a 50-day moving average of $40.81 and a 200-day moving average of $37.62. The company has a market cap of $4.019 billion and a P/E ratio of 16.07.
PolyOne (NYSE:POL) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. On average, analysts predict that PolyOne will post $1.80 earnings per share for the current fiscal year.
PolyOne Corporation (NYSE:POL) is a provider of specialized polymer materials, services and solutions with operations in specialty polymer formulations, color and additive systems, polymer distribution and specialty vinyl resins.
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