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Olin (OLN) declares a dividend of $0.20

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Olin said on April 27, 2023 that its board of directors had declared a regular quarterly dividend of $0.20 per share ($0.80 annualized). Previously, the company paid $0.20 per share.

Shares must be purchased before the ex-div date of May 10, 2023 to be eligible for the dividend. Shareholders of record as of May 11, 2023 will receive payment on June 9, 2023.

At the current share price of $55.40/share, the dividend yield of the stock is 1.44%.

Looking back five years and taking a sample each week, the average dividend yield was 3.17%, the low 1.23% and the high 8.57%. The standard deviation of returns is 1.75 (n=236).

The current dividend yield is 0.99 standard deviations below the historical average.

Additionally, the company’s dividend payout ratio is 0.10. The payout ratio tells us how much of a company’s income is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above one means the company is dipping into its savings to maintain its dividend, which is not a healthy situation. Companies with little growth prospects should pay most of their income in the form of dividends, which generally means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain part of their profits in order to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.

The company has not increased its dividend in the past three years.

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What is fund sentiment?

There are 963 funds or institutions declaring positions in Olin. This is an increase of 8 owner(s) or 0.84% ​​over the last quarter. Average portfolio weight of all funds dedicated to OLN is 0.36%, an increase of 9.06%. The total number of shares held by institutions has decreased by 5.14% over the past three months to 133,760,000 shares. OLN’s put/call ratio is 0.72, indicating a bullish outlook.

Analyst price forecast suggests 29.14% upside

As of April 24, 2023, the one-year average price target for Olin was 71.55. The forecast ranges from a low of 50.50 to a high of $93.45. The average price target represents a 29.14% increase from its last published closing price of 55.40.

Check out our ranking of companies with the biggest upward price target.

Olin’s projected annual revenue is 8,711 million, down 0.55%. Projected annual non-GAAP EPS is 6.41.

What are the other shareholders doing?

OLN / Olin Corp.  Shares held by institutions

Sachem Head Capital Management holds 6,450,000 shares representing 4.93% ownership of the company. In its previous filing, the company said it held 9,450,000 shares, representing a decrease of 46.51%. The company decreases its portfolio allocation in OLN of 11.66% over the last quarter.

Hotchkis & Wiley Capital Management holds 5,312,000 shares representing 4.06% ownership of the company. In its previous filing, the company said it held 5,624,000 shares, representing a decrease of 5.88%. The company increase its portfolio allocation in OLN of 4.19% over the last quarter.

Boston Partners owns 4,452,000 shares representing 3.40% ownership of the company. In its previous filing, the company said it held 3,563,000 shares, representing a raise of 19.95%. The company increase its portfolio allocation in OLN of 42.33% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 4,161,000 shares representing 3.18% ownership of the company. In its previous filing, the company said it held 4,111,000 shares, representing a raise of 1.21%. The company increase its portfolio allocation in OLN of 15.41% over the last quarter.

IJH – iShares Core S&P Mid-Cap ETF holds 3,933,000 shares representing 3.01% ownership of the company. In its previous filing, the company said it held 3,945,000 shares, representing a decrease by 0.28%. The company increase its portfolio allocation in OLN of 7.46% over the last quarter.

General information about Olin
(This description is provided by the company.)

Olin Corporation is one of the world’s leading vertically integrated manufacturers and distributors of chemical products and one of the United States’ leading manufacturers of munitions. Chemicals produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organic compounds, bleach and hydrochloric acid. Winchester’s primary manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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