Tronox Holdings PLC (TROX) to Issue Quarterly Dividend of $0.05 on July 8th

Tronox Holdings PLC (NYSE:TROX) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Monday, May 11th will be given a dividend of 0.05 per share on Wednesday, July 8th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, May 11th.

Tronox has increased its dividend payment by an average of 0.0%per year over the last three years. Tronox has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tronox to earn ($0.31) per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of -64.5%.

Tronox Trading Up 5.1%

Tronox stock opened at $8.85 on Friday. The company has a current ratio of 2.46, a quick ratio of 0.67 and a debt-to-equity ratio of 2.16. The business’s fifty day simple moving average is $8.54 and its two-hundred day simple moving average is $6.20. Tronox has a 12 month low of $2.86 and a 12 month high of $10.59. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of -3.03 and a beta of 0.83.

Tronox (NYSE:TROX) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.07). Tronox had a negative return on equity of 19.13% and a negative net margin of 15.82%.The business had revenue of $760.00 million during the quarter, compared to analysts’ expectations of $751.38 million. During the same quarter in the prior year, the firm earned ($0.15) EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, equities analysts predict that Tronox will post -1.11 earnings per share for the current fiscal year.

About Tronox

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO?) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO?, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO?, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.