Olin: Reliable Progress and Investor Expectations
On March 15, 2024, Olin (NYSE:OLN) will distribute a dividend payout of $0.20 per share, equating to an annualized dividend yield of 1.56%. Shareholders who owned the stock before the ex-dividend date on March 06, 2024 will receive this payout.
Olin Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-03-06 | 4 | $0.2 | 1.56% | 2024-02-21 | 2024-03-07 | 2024-03-15 |
| 2023-11-08 | 4 | $0.2 | 1.78% | 2023-10-26 | 2023-11-09 | 2023-12-08 |
| 2023-08-09 | 4 | $0.2 | 1.44% | 2023-07-27 | 2023-08-10 | 2023-09-08 |
| 2023-05-10 | 4 | $0.2 | 1.51% | 2023-04-27 | 2023-05-11 | 2023-06-09 |
| 2023-03-03 | 4 | $0.2 | 1.32% | 2023-02-22 | 2023-03-06 | 2023-03-13 |
| 2022-11-09 | 4 | $0.2 | 1.62% | 2022-10-26 | 2022-11-10 | 2022-12-09 |
| 2022-08-09 | 4 | $0.2 | 1.62% | 2022-07-28 | 2022-08-10 | 2022-09-09 |
| 2022-05-09 | 4 | $0.2 | 1.54% | 2022-04-27 | 2022-05-10 | 2022-06-10 |
| 2022-03-03 | 4 | $0.2 | 1.62% | 2022-02-23 | 2022-03-04 | 2022-03-11 |
| 2021-11-09 | 4 | $0.2 | 1.45% | 2021-10-28 | 2021-11-10 | 2021-12-10 |
| 2021-08-09 | 4 | $0.2 | 1.81% | 2021-07-22 | 2021-08-10 | 2021-09-10 |
| 2021-05-07 | 4 | $0.2 | 2.03% | 2021-04-21 | 2021-05-10 | 2021-06-10 |
In terms of dividend yield, Olin finds itself in the middle ground among its industry peers, while Westlake Chemical (NYSE:WLKP) takes the lead with the highest annualized dividend yield at 8.38%.
Analyzing Olin Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2020 to 2023, investors observed a stable dividend per share of $0.80 throughout this period. This indicates a consistent dividend policy maintained by the company, providing stability to shareholders. Investors can rely on the company's consistent dividend payout to generate a steady income stream.
YoY Earnings Growth For Olin
From 2020 to 2023, Olin has demonstrated an upward trend in earnings, with earnings per share rising from $-1.10 to $4.54. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
In this article, we delve into Olin's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.20 per share today, resulting in an annualized dividend yield of 1.56%.
In terms of dividend yield, Olin finds itself in the middle ground among its industry peers, while Westlake Chemical takes the lead with the highest annualized dividend yield at 8.38%.
The unaltered dividend per share during 2020 to 2023 does not diminish the significance of the increasing earnings per share for Olin. This upward trend suggests the company's financial stability and its potential to sustain the distribution of profits to shareholders.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Olin's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.