Responding to Performance Concerns: Trinseo Manages Decreased Earnings and Adjusts Dividends
Portfolio Pulse from Benzinga Insights
Trinseo (NYSE:TSE) is set to distribute a dividend payout of $0.01 per share, resulting in an annualized dividend yield of 0.28%. This is a decrease from previous years, with the company's dividend per share decreasing from $1.60 to $1.28 from 2019 to 2022. The company's earnings per share also decreased from $2.98 in 2019 to $1.79 in 2022. Compared to its industry peers, Trinseo's dividend yield is relatively lower, with Mativ Holdings (NYSE:MATV) having a higher annualized dividend yield of 9.97%.
July 20, 2023 | 3:06 pm
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NEGATIVE IMPACT
Trinseo's dividend and earnings per share have decreased from 2019 to 2022, indicating potential financial challenges.
The decrease in both dividend per share and earnings per share suggests that Trinseo may be facing financial difficulties, which could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Mativ Holdings has a higher annualized dividend yield of 9.97% compared to Trinseo.
While Mativ Holdings is mentioned as a comparison to Trinseo, the news does not provide any specific information that would impact Mativ Holdings' stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50