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Solutia Issues 2012 Guidance; Launches Dividend

4:38 PM MST | December 15, 2011 | Vincent Valk

Solutia has issued earnings guidance for 2012 of $2-$2.30/share, which would represent a flat-to-15% increase on 2011 earnings, on revenues up 2%-10% to $2.125 billion to $2.275 billion. In the longer term, the company expects earnings to rise to $3.50/share in 2015, on revenues of about $3 billion. Growth in emerging markets, electronic applications such as touch screens, and recovery in construction and automotive should drive growth, Solutia says.   The company has also launched a quarterly dividend of 3.75 cts/share, or 15 cts/share on an annualized...

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