Olin Corporation (NYSE:OLN) had declared a cash dividend of $0.2000 on Jul 28, 2016. The shares will quote ex-dividend on Aug 8, 2016 and the record date has been fixed for Aug 10, 2016. On Jul 28, 2016 share price, the yield comes out to be 3.7807%. The dividend payable date has been fixed on Sep 9, 2016.
In a different note, On Jun 28, 2016, Cowen & Company said it Upgrades its rating on Olin Corporation. The shares have been rated ‘Outperform’ by the firm.
Olin Corporation (OLN) shares turned negative on Thursdays trading session with the shares closing down -0.24 points or -1.14% at a volume of 21,71,786. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $21.34. The peak price level was also seen at $21.34 while the days lowest was $20.83. Finally the shares closed at $20.85. The 52-week high of the shares is $26.46 while the 52-week low is $12.29. According to the latest information available, the market cap of the company is $3,443 M.
Olin Corporation(OLN) last announced its earnings results on May 2, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.35B. Analysts had an estimated revenue of $1.43B. Earnings per share were $0.33. Analysts had estimated an EPS of $0.22.
Several Insider Transactions has been reported to the SEC. On Mar 3, 2016, Randall W Larrimore (director) purchased 1,600 shares at $15.45 per share price.Also, On Feb 19, 2016, Joseph D Rupp (CEO) purchased 70,000 shares at $14.26 per share price.On Feb 18, 2016, Stephen C Curley (VP & Treasurer) purchased 5,000 shares at $13.38 per share price, according to the Form-4 filing with the securities and exchange commission.
Olin Corporation is a manufacturing company. The Company operates in three segments: Chlor Alkali Products Chemical Distribution and Winchester. Chlor Alkali Products manufactures and sells chlorine and caustic soda hydrochloric acid hydrogen bleach products and potassium hydroxide. Chemical Distribution manufactures bleach products and distributes caustic soda bleach products potassium hydroxide and hydrochloric acid. Winchester products segments include sporting ammunition reloading components small caliber military ammunition and components and industrial cartridges. The Companys subsidiary Olin Canada ULC operates one chlor alkali facility in Becancour Canada which sells chlor alkali-related products within Canada and to the United States and also sells and distributes ammunition within Canada. Its subsidiary Winchester Australia Limited loads and packs sporting and industrial ammunition in Australia.