NL Industries, Inc. (NL) to Issue Quarterly Dividend of $0.10 on September 22nd

NL Industries, Inc. (NYSE:NL) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Thursday, September 3rd will be given a dividend of 0.10 per share by the basic materials company on Tuesday, September 22nd. This represents a c) annualized dividend and a dividend yield of 6.4%. 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 increased its dividend every year for the last 2 years. NL Industries has a payout ratio of 46.0% meaning its dividend is sufficiently covered by earnings.

NL Industries Trading Up 8.9%

NL opened at $6.26 on Friday. NL Industries has a 12 month low of $5.04 and a 12 month high of $8.60. The business’s 50-day moving average price is $5.97 and its 200-day moving average price is $6.09. The company has a market cap of $305.83 million, a P/E ratio of -12.04 and a beta of 0.22.

NL Industries (NYSE:NL) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.03). NL Industries had a negative net margin of 15.75% and a negative return on equity of 6.67%. The company had revenue of $43.61 million for the quarter, compared to analysts’ expectations of $40.92 million.

About NL Industries

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.