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

Valhi, Inc. (NYSE:VHI) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Thursday, September 3rd will be given a dividend of 0.08 per share by the basic materials company on Thursday, September 24th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, September 3rd.

Valhi has decreased its dividend by an average of 0.1%per year over the last three years. Valhi has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings.

Valhi Stock Down 5.5%

Shares of Valhi stock traded down $0.88 during trading on Friday, hitting $15.12. 19,741 shares of the stock were exchanged, compared to its average volume of 17,304. The firm’s 50-day moving average price is $14.02 and its 200 day moving average price is $14.12. The stock has a market cap of $428.04 million, a price-to-earnings ratio of -5.95 and a beta of 0.97. Valhi has a 12-month low of $11.44 and a 12-month high of $17.67. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.25 and a quick ratio of 1.74.

Valhi (NYSE:VHI) last issued its quarterly earnings data on Thursday, August 6th. The basic materials company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.18). Valhi had a negative return on equity of 4.29% and a negative net margin of 3.45%.The company had revenue of $606.10 million for the quarter, compared to analysts’ expectations of $559.69 million.

Institutional Trading of Valhi

Several institutional investors have recently bought and sold shares of VHI. BlackRock Inc. acquired a new stake in Valhi during the 2nd quarter worth approximately $2,776,000. Empowered Funds LLC grew its position in Valhi by 1.9% in the 1st quarter. Empowered Funds LLC now owns 144,202 shares of the basic materials company’s stock valued at $2,343,000 after purchasing an additional 2,753 shares during the period. Geode Capital Management LLC grew its stake in Valhi by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 59,303 shares of the basic materials company’s stock valued at $715,000 after buying an additional 1,116 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Valhi in the second quarter worth $687,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Valhi during the 2nd quarter valued at about $321,000. Institutional investors and hedge funds own 3.83% of the company’s stock.

Valhi Company Profile

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.