NL Industries, Inc. (NL) to Issue Quarterly Dividend of $0.09 on December 16th

NL Industries, Inc. (NYSE:NL) declared a quarterly dividend on Thursday, October 30th. Investors of record on Friday, November 21st will be given a dividend of 0.09 per share by the basic materials company on Tuesday, December 16th. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Friday, November 21st.

NL Industries has a payout ratio of 41.4% meaning its dividend is sufficiently covered by earnings.

NL Industries Trading Up 1.8%

Shares of NYSE NL opened at $5.32 on Wednesday. The stock has a market cap of $259.71 million, a PE ratio of 4.83 and a beta of 0.35. NL Industries has a 12-month low of $5.20 and a 12-month high of $9.42. The company has a 50-day moving average of $5.93 and a 200 day moving average of $6.51.

NL Industries (NYSE:NL) last released its earnings results on Thursday, November 6th. The basic materials company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.34). NL Industries had a return on equity of 12.93% and a net margin of 35.06%.The business had revenue of $40.00 million during the quarter.

Wall Street Analyst Weigh In

NL has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NL Industries in a research note on Thursday, November 13th. Wall Street Zen lowered shares of NL Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

NL Industries Company Profile

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally. The company manufactures and sells mechanical and electronic cabinet locks and other locking mechanisms, including disc tumbler locks; pin tumbler locking mechanisms under KeSet, System 64, TuBar, and Turbine brands; and electronic locks under CompX eLock and StealthLock brands for use in various applications, such as mailboxes, ignition systems, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electronic circuit panels, storage compartments, gas station security, vending and cash containment machines.