Valhi, Inc. (NYSE:VHI) Announces $0.08 Quarterly Dividend

Valhi, Inc. (NYSE:VHI) announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Thursday, June 4th will be paid a dividend of 0.08 per share by the basic materials company on Thursday, June 25th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, June 4th.

Valhi has decreased its dividend payment by an average of 0.1%per year over the last three years. Valhi has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings.

Valhi Stock Performance

Shares of VHI stock opened at $12.64 on Friday. The firm has a 50-day moving average of $14.02 and a 200-day moving average of $13.65. The company has a market cap of $357.71 million, a P/E ratio of -4.98 and a beta of 0.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.25 and a quick ratio of 1.74. Valhi has a one year low of $11.44 and a one year high of $20.00.

Valhi (NYSE:VHI) last announced its earnings results on Thursday, May 7th. The basic materials company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.70). The firm had revenue of $560.10 million during the quarter, compared to analysts’ expectations of $564.20 million. Valhi had a negative net margin of 3.45% and a negative return on equity of 4.29%.

Institutional Trading of Valhi

A number of large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC purchased a new stake in Valhi during the fourth quarter worth about $201,000. Wells Fargo & Company MN increased its holdings in Valhi by 46.1% during the fourth quarter. Wells Fargo & Company MN now owns 2,722 shares of the basic materials company’s stock worth $33,000 after buying an additional 859 shares during the last quarter. Jane Street Group LLC purchased a new stake in Valhi during the fourth quarter worth about $183,000. Deutsche Bank AG increased its holdings in Valhi by 145.0% during the fourth quarter. Deutsche Bank AG now owns 7,006 shares of the basic materials company’s stock worth $84,000 after buying an additional 4,146 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in Valhi during the fourth quarter worth about $80,000. Hedge funds and other institutional investors own 3.83% of the company’s stock.

About Valhi

Valhi, Inc is a diversified holding company incorporated in Delaware in 1987 and headquartered in Dallas, Texas. Through its three wholly owned subsidiaries—Kronos Worldwide, CompX International and NL Industries—Valhi participates in the manufacture and distribution of chemical and security products for industrial, commercial and consumer markets.

Kronos Worldwide is a leading independent producer of titanium dioxide pigment, a white powder that enhances brightness and opacity in paints, coatings, plastics, paper and other applications.