Kronos Worldwide Inc (KRO) to Issue Quarterly Dividend of $0.05 on June 18th

Kronos Worldwide Inc (NYSE:KRO) declared a quarterly dividend on Wednesday, May 13th. Stockholders of record on Thursday, June 4th will be given a dividend of 0.05 per share by the specialty chemicals company on Thursday, June 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, June 4th.

Kronos Worldwide has decreased its dividend payment by an average of 0.2%annually over the last three years. Kronos Worldwide has a payout ratio of 17.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kronos Worldwide to earn $0.17 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 117.6%.

Kronos Worldwide Trading Down 2.7%

NYSE KRO opened at $7.00 on Tuesday. Kronos Worldwide has a 1-year low of $4.08 and a 1-year high of $7.89. The company has a current ratio of 3.18, a quick ratio of 1.41 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $804.91 million, a PE ratio of -6.03 and a beta of 1.00. The firm’s fifty day simple moving average is $6.76 and its 200-day simple moving average is $5.78.

Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings results on Wednesday, May 6th. The specialty chemicals company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.29. The business had revenue of $509.80 million for the quarter, compared to the consensus estimate of $524.00 million. Kronos Worldwide had a negative net margin of 7.12% and a negative return on equity of 15.01%. As a group, sell-side analysts anticipate that Kronos Worldwide will post -0.33 earnings per share for the current fiscal year.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc is a leading global producer of titanium dioxide (TiO?) pigments, a white pigment widely used in paints, coatings, plastics, paper, and many other industrial and consumer applications. Headquartered in Dallas, Texas, the company markets its products under the “Kronos” brand and has built a reputation for high-quality pigment performance, technical support, and reliable supply. Kronos serves a diverse customer base across coatings manufacturers, plastic compounders, and paper producers, delivering solutions tailored to enhance opacity, color strength, and durability.

In addition to its core TiO? offerings, Kronos produces and markets iron oxide pigments and zircon-based specialty chemicals, expanding its portfolio to meet the needs of markets such as construction, ceramics, and glass.