Flexible Solutions International, Inc. (NYSE:FSI) Announces Dividend Increase – $0.10 Per Share

Flexible Solutions International, Inc. (NYSE:FSI) announced a — dividend on Thursday, April 25th, Wall Street Journal reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.10 per share on Thursday, May 16th. The ex-dividend date is Monday, April 29th. This is a boost from Flexible Solutions International’s previous — dividend of $0.05.

Flexible Solutions International Price Performance

NYSE:FSI opened at $2.24 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.90 and a current ratio of 3.01. The stock’s 50-day simple moving average is $1.99 and its 200 day simple moving average is $1.89. The company has a market cap of $27.89 million, a P/E ratio of 10.18 and a beta of 1.58. Flexible Solutions International has a 52-week low of $1.36 and a 52-week high of $3.10.

Flexible Solutions International (NYSE:FSI) last released its earnings results on Monday, April 1st. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $9.43 million for the quarter. Flexible Solutions International had a return on equity of 7.51% and a net margin of 7.24%. As a group, sell-side analysts forecast that Flexible Solutions International will post 0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Flexible Solutions International in a research report on Saturday, April 20th. They set a “hold” rating on the stock.

Flexible Solutions International Company Profile

Flexible Solutions International, Inc, together with its subsidiaries, develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally. The company operates in two segments, Energy and Water Conservation Products, and Biodegradable Polymers.