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In a recent regulatory filing, Olin Corporation (NYSE:OLN), a company specializing in chemicals and allied products, announced a forthcoming dividend, continuing a long-standing tradition. The Board of Directors has declared a quarterly dividend of $0.20 per share, which is scheduled to be paid on March 14, 2025, to shareholders on record as of March 6, 2025. The current dividend yield stands at 2.89%, and according to InvestingPro, the company has maintained dividend payments for an impressive 51 consecutive years.
This declaration marks the 393rd consecutive quarterly dividend issued by the company, underscoring its commitment to providing consistent returns to its shareholders. The dividend announcement is a routine disclosure in line with the company’s financial practices and reflects its ongoing financial health and ability to generate shareholder value. InvestingPro data reveals that management has been actively buying back shares, demonstrating additional commitment to shareholder returns. For deeper insights, InvestingPro offers 12 additional investment tips for Olin Corporation.
Olin Corporation, with its headquarters in Clayton, Missouri, has a rich history dating back to its previous namesakes, Olin Mathieson Chemical Corp. The company’s dedication to regular dividends is noteworthy in the industry and signals a stable financial position to its investors.
The information regarding the dividend is based on a press release statement filed with the U.S. Securities and Exchange Commission. It is essential to note that while dividend payments are a sign of a company’s financial stability, they do not necessarily guarantee future performance or reflect broader market trends or industry impacts.
Investors in Olin Corporation can look forward to receiving their dividends in the coming month, as the company continues its practice of rewarding its shareholders.
In other recent news, Olin Corporation reported its fourth-quarter 2024 earnings, which significantly exceeded market expectations. The company achieved an earnings per share of $0.09, surpassing the forecast of $0.0015, and generated revenue of $1.67 billion, higher than the anticipated $1.56 billion. However, despite these strong results, Olin’s stock experienced a decline due to broader market concerns. Analyst firms have adjusted their outlooks for Olin, with BMO Capital Markets lowering the stock price target to $34 while maintaining a Market Perform rating, citing near-term earnings challenges due to seasonal demand fluctuations and soft consumer spending. RBC Capital Markets downgraded Olin’s stock from Outperform to Sector Perform and reduced the price target to $30, reflecting concerns over delayed demand recovery and tariff pressures impacting the company’s earnings. KeyBanc Capital Markets also revised its price target to $40 but retained an Overweight rating, highlighting Olin’s ability to maintain competitive prices in the chlor-alkali sector despite weaker volumes. These developments are part of the ongoing adjustments in the market’s expectations for Olin’s financial performance.
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