Valhi, Inc. (NYSE:VHI) Plans $0.08 Quarterly Dividend

Valhi, Inc. (NYSE:VHI) declared a quarterly dividend on Thursday, March 5th. Investors of record on Monday, March 16th will be given a dividend of 0.08 per share by the basic materials company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, March 16th.

Valhi has decreased its dividend by an average of 0.2%per year over the last three years. Valhi has a payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings.

Valhi Price Performance

Shares of VHI stock opened at $13.34 on Friday. The company has a market capitalization of $377.52 million, a P/E ratio of 20.84 and a beta of 1.19. The company’s 50-day simple moving average is $14.07 and its two-hundred day simple moving average is $14.30. Valhi has a one year low of $11.44 and a one year high of $20.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.64 and a quick ratio of 1.76.

Institutional Trading of Valhi

Institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in shares of Valhi during the 2nd quarter valued at approximately $31,000. Wells Fargo & Company MN raised its position in Valhi by 46.1% during the fourth quarter. Wells Fargo & Company MN now owns 2,722 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 859 shares during the period. JPMorgan Chase & Co. lifted its holdings in Valhi by 133.9% during the second quarter. JPMorgan Chase & Co. now owns 4,867 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 2,786 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Valhi in the fourth quarter valued at about $80,000. Finally, Deutsche Bank AG grew its position in shares of Valhi by 145.0% in the fourth quarter. Deutsche Bank AG now owns 7,006 shares of the basic materials company’s stock valued at $84,000 after purchasing an additional 4,146 shares during the period. Institutional investors and hedge funds own 3.83% of the company’s stock.

About Valhi

Valhi, Inc is a diversified holding company incorporated in Delaware in 1987 and headquartered in Dallas, Texas. Through its three wholly owned subsidiaries—Kronos Worldwide, CompX International and NL Industries—Valhi participates in the manufacture and distribution of chemical and security products for industrial, commercial and consumer markets.

Kronos Worldwide is a leading independent producer of titanium dioxide pigment, a white powder that enhances brightness and opacity in paints, coatings, plastics, paper and other applications.