NL Industries, Inc. (NL) to Issue Quarterly Dividend of $0.10 on June 23rd

NL Industries, Inc. (NYSE:NL) declared a quarterly dividend on Thursday, May 14th. Investors of record on Thursday, June 4th will be paid a dividend of 0.10 per share by the basic materials company on Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date is Thursday, June 4th.

NL Industries has increased its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend every year for the last 2 years. NL Industries has a dividend payout ratio of 46.0% indicating that its dividend is sufficiently covered by earnings.

NL Industries Stock Performance

Shares of NL stock opened at $7.66 on Friday. NL Industries has a one year low of $5.04 and a one year high of $8.60. The company has a 50 day moving average price of $5.90 and a 200 day moving average price of $5.88. The firm has a market capitalization of $374.29 million, a price-to-earnings ratio of -11.10 and a beta of 0.19.

NL Industries (NYSE:NL) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.14). NL Industries had a negative return on equity of 8.74% and a negative net margin of 21.56%.The company had revenue of $40.57 million for the quarter, compared to analyst estimates of $40.57 million.

NL Industries Company Profile

NL Industries, Inc is a U.S.-based industrial minerals company whose primary focus is the mining, upgrading and marketing of titanium feedstocks. The company’s products include synthetic rutile and chloride slag, which serve as key raw materials for producers of titanium dioxide pigment. These pigments are widely used as whitening and opacifying agents in coatings, plastics, paper and specialty applications.

NL Industries serves a global customer base, supplying feedstocks under long-term agreements and through spot transactions.