Dividend Overview
Ecovyst (ECVT) pays a special dividend to its shareholders. The current dividend yield is 24.13%, which means that for every $100 invested at the current price, investors would receive approximately $24.13 in dividends per year (this can change based on future dividend payments and price movements).
About ECVT's Dividend
Ecovyst pays a special dividend. The total annual dividend is approximately $5.00 per share, meaning for each share you own, you'll receive about $5.00 in dividends over the course of a year.
The most recent ex-dividend date was August 11, 2021. If you purchase the stock before its ex-dividend date, you'll be eligible for the upcoming dividend payment.
Ecovyst's payout ratio is -5.71% which means that -5.71% of the company's earnings are paid out as dividends. A low payout ratio indicates that the company has a strong financial position and can invest in growth opportunities, while maintaining room to increase dividends in the future.
ECVT Dividend History
| Dividend | Yield | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $3.2 | 24.13% | August 11, 2021 | August 12, 2021 | August 23, 2021 | August 05, 2021 |
| $1.8 | 13.75% | December 18, 2020 | December 21, 2020 | December 29, 2020 | December 14, 2020 |
Dividend Safety
Dividend safety refers to the ability of a company to continue paying its dividends to shareholders without interruption or reduction. A company with a high level of dividend safety is generally considered to have a strong financial position, with a consistent history of paying dividends and a low risk of default.
Key Safety Indicators for ECVT
- Dividend Payout Ratio: -5.71% Low risk
- Dividend & Capex Coverage Ratio: 1.40x Adequate coverage
- Dividend Frequency: Special
What These Indicators Mean
A low payout ratio (typically less than 60%) indicates that a company has enough earnings to pay dividends and retain earnings to reinvest in the business. Ecovyst's payout ratio is -5.71% , which is very conservative and suggests strong dividend sustainability.
The Dividend & Capex Coverage Ratio of 1.40x indicates how well the company can cover both its dividend payments and capital expenditures from operating cash flows. This ratio above 1.0x indicates Ecovyst can cover its dividends and necessary investments from its operating cash flow, but has limited cushion.
It is worth noting that dividend safety can change over time based on a company's financial performance, industry conditions, and management decisions. Regular monitoring of these metrics is recommended for dividend-focused investors.