Dividend Worth Watching: $0.30 dividends are now a reality for Trinseo S.A. (NYSE:TSE) shareholders. Here’s why.

Dividend Worth Watching: $0.30 dividends are now a reality for Trinseo S.A. (NYSE:TSE) shareholders. Here's why.

Trinseo S.A. (NYSE:TSE) is expected to pay $0.30 on Oct 26, 2016. The indicated annual dividend is $1.20. Shareholders owning the stock before Oct 7, 2016 will be eligible to receive the payout. Based on Trinseo S.A.’s current price of $54.70, the dividend is 0.55%. This dividend’s record date is Oct 12, 2016 and the announcement date is Sep 28, 2016. The stock increased 0.50% or $0.27 during the last trading session, hitting $54.7. Trinseo S.A. (NYSE:TSE) has risen 70.51% since March 3, 2016 and is uptrending. It has outperformed by 62.17% the S&P500.

Trinseo S.A. is a materials company

Trinseo S.A. (NYSE:TSE) Ratings Coverage

Out of 3 analysts covering Trinseo (NYSE:TSE), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $55 is the highest target while $30 is the lowest. The $41.67 average target is -23.82% below today’s ($54.7) stock price. Trinseo has been the topic of 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Citigroup given on Friday, August 7. The stock of Trinseo S.A. (NYSE:TSE) has “Neutral” rating given on Thursday, August 4 by Citigroup. As per Friday, August 7, the company rating was maintained by Barclays Capital. On Monday, April 18 the stock rating was maintained by Citigroup with “Neutral”. Zacks downgraded the stock to “Buy” rating in Thursday, August 6 report. The stock of Trinseo S.A. (NYSE:TSE) has “Buy” rating given on Thursday, August 6 by Deutsche Bank.

TSE Company Profile

Trinseo S.A., incorporated on June 14, 2010, is a materials firm engaged in the manufacture and marketing of synthetic rubber, latex and plastics, including various specialty and technologically differentiated products. The Firm operates under two divisions: Performance Materials and Basic Plastics & Feedstocks. The Performance Materials division’s divisions include Synthetic Rubber, Latex and Performance Plastics. The Latex segment produces styrene-butadiene latex (SB latex) for coated paper and packaging board, carpet and artificial turf backings, as well as a number of performance latex applications. The Synthetic Rubber segment produces synthetic rubber products used in tires, with additional applications in polymer modification and technical rubber goods, including conveyer and fan belts, hoses, seals and gaskets. The Performance Plastics divisions produces highly engineered compounds and blends for automotive end markets, as well as consumer electronics, medical, electrical and lighting, collectively consumer essential markets (CEM). The Basic Plastics & Feedstocks segment includes styrenic polymers, polycarbonate (PC) and styrene monomer, and also includes the Company’s joint ventures, Americas Styrenics LLC and Sumika Styron Polycarbonate Limited.

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