Minerals Technologies Inc. (NYSE:MTX – Get Free Report) declared a quarterly dividend on Wednesday, January 22nd,RTT News reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.11 per share by the basic materials company on Friday, March 7th. This represents a $0.44 annualized dividend and a dividend yield of 0.57%.
Minerals Technologies has raised its dividend by an average of 27.0% per year over the last three years. Minerals Technologies has a payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Minerals Technologies to earn $6.83 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 6.4%.
Minerals Technologies Price Performance
Minerals Technologies stock opened at $77.05 on Wednesday. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 16.33 and a beta of 1.31. Minerals Technologies has a 52-week low of $64.91 and a 52-week high of $90.29. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.72 and a current ratio of 2.46. The stock’s 50 day moving average price is $78.31 and its two-hundred day moving average price is $77.50.
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Minerals Technologies Company Profile
Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.
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