NL Industries, Inc. (NL) to Issue Quarterly Dividend of $0.10 on December 15th

NL Industries, Inc. (NYSE:NL) declared a quarterly dividend on Thursday, October 29th. Investors of record on Thursday, November 19th will be paid a dividend of $0.10 per share by the basic materials company on Tuesday, December 15th. This represents a $0.40 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Thursday, November 19th.

NL Industries has increased its dividend by an average of 0.3% annually 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% meaning its dividend is sufficiently covered by earnings.

NL Industries Stock Up 2.7%

Shares of NL opened at $7.18 on Friday. The firm has a 50-day moving average price of $6.84 and a 200 day moving average price of $6.29. The firm has a market capitalization of $351.10 million, a PE ratio of -13.81 and a beta of 0.14. NL Industries has a 52-week low of $5.04 and a 52-week high of $8.60.

NL Industries (NYSE:NL) last released its earnings results on Wednesday, August 5th. The basic materials company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.03). The company had revenue of $43.61 million for the quarter, compared to analyst estimates of $43.61 million. NL Industries had a negative net margin of 15.75% and a negative return on equity of 6.67%.

About NL Industries

NL Industries, Inc (NYSE:NL) is a holding company with interests in the chemicals and industrial products sectors. Its principal business interests include an equity investment in Kronos Worldwide, Inc, a producer and marketer of titanium dioxide pigments used to provide whiteness and opacity in products such as coatings, plastics and paper.

NL Industries also holds a controlling interest in CompX International Inc, which manufactures security products and marine components. CompX’s products include locks and related security hardware for cabinets, desks, tool storage and other applications, as well as components used in recreational boats and other marine equipment.

The company’s current structure reflects a history of operating and investing in specialty chemical and industrial businesses.