NL Industries, Inc. (NYSE:NL) Plans $0.10 Quarterly Dividend

NL Industries, Inc. (NYSE:NL) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Thursday, September 3rd will be paid a dividend of 0.10 per share by the basic materials company on Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Thursday, September 3rd.

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

NL Industries Trading Down 0.9%

Shares of NL opened at $5.79 on Thursday. The firm has a market cap of $282.80 million, a P/E ratio of -8.39 and a beta of 0.22. NL Industries has a 12-month low of $5.04 and a 12-month high of $8.60. The company’s 50-day moving average price is $5.99 and its 200 day moving average price is $6.08.

NL Industries (NYSE:NL) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The company had revenue of $43.61 million during the quarter, compared to analyst estimates of $40.92 million. NL Industries had a negative net margin of 21.56% and a negative return on equity of 8.74%.

Institutional Trading of NL Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in shares of NL Industries by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,089,167 shares of the basic materials company’s stock valued at $12,180,000 after purchasing an additional 15,950 shares in the last quarter. Aristides Capital LLC boosted its position in NL Industries by 0.5% in the 4th quarter. Aristides Capital LLC now owns 417,014 shares of the basic materials company’s stock valued at $2,281,000 after buying an additional 2,075 shares during the period. Bridgeway Capital Management LLC boosted its position in NL Industries by 8.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 299,093 shares of the basic materials company’s stock valued at $1,636,000 after buying an additional 23,029 shares during the period. Empowered Funds LLC boosted its position in NL Industries by 11.0% in the 4th quarter. Empowered Funds LLC now owns 232,131 shares of the basic materials company’s stock valued at $1,270,000 after buying an additional 23,029 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of NL Industries by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 209,872 shares of the basic materials company’s stock worth $1,148,000 after acquiring an additional 7,222 shares in the last quarter. 10.67% of the stock is currently owned by hedge funds and other institutional investors.

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.