Lab chemical and life sciences company
) has increased its quarterly dividend by 7% to 23 cents per
share from the prior payout of 21.5 cents a share. The raised
dividend is payable on Mar 14, 2014, to stockholders of record as
of Feb 28, 2014. The Board of Sigma-Aldrich approved the
increased on Feb 11, 2014.
Sigma-Aldrich released its fourth-quarter 2013 results on Feb
6. The company's profit for fourth-quarter rose as it saw higher
sales across its business segments, led by the Specialty Fine
Chemicals (SAFC) Commercial unit.
The Mo.-based company's reported profit went up 13% year over
year in the fourth quarter to $131 million or $1.08 per share
from $116 million or 96 cents per share a year ago. Barring tax
benefits of $8 million, earnings were $1.02 per share in the
quarter, beating the Zacks Consensus Estimate by a penny.
Sales for the reported quarter rose roughly 4% year over year
to a quarterly record of $684 million, beating the Zacks
Consensus Estimate of $675 million. Organic sales gain in the
quarter was 6%, while foreign exchange translation had an
unfavorable impact of 1%.
Moving ahead, Sigma-Aldrich envisions improving trends in
several of its businesses and expects low-to-mid single-digit
overall organic sales gain in 2014. It sees low-to-mid single
digits gain in its Research Chemicals unit. Sales in Applied and
SAFC Commercial divisions are expected to rise in mid-single
digits and mid-to-high single digits, respectively.
Sigma-Aldrich carries a Zacks Rank #3 (Hold).
Other companies in the specialty chemicals space worth
Globe Specialty Metals, Inc.
International Flavors & Fragrances Inc.
), all of which carry a Zacks Rank #2 (Buy).
GLOBE SPECIALTY (GSM): Free Stock Analysis
INTL F & F (IFF): Free Stock Analysis
NEWMARKET CORP (NEU): Free Stock Analysis
SIGMA ALDRICH (SIAL): Free Stock Analysis
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