Valhi, Inc. (NYSE:VHI) Shares Will Pay Quarterly Dividend of $0.08

Valhi, Inc. (NYSE:VHI) announced a quarterly dividend on Thursday, November 5th. Investors of record on Thursday, November 19th will be paid a dividend of $0.08 per share by the basic materials company on Thursday, December 17th. This represents a $0.32 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, November 19th.

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

Valhi Stock Down 4.8%

Valhi stock opened at $14.47 on Friday. Valhi has a 12 month low of $11.44 and a 12 month high of $19.19. The stock has a fifty day simple moving average of $15.86 and a two-hundred day simple moving average of $14.75. The firm has a market cap of $409.93 million, a price-to-earnings ratio of -8.09 and a beta of 1.11. The company has a current ratio of 3.37, a quick ratio of 1.90 and a debt-to-equity ratio of 0.42.

Valhi (NYSE:VHI) last posted its earnings results on Thursday, November 5th. The basic materials company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.21. Valhi had a negative net margin of 2.36% and a negative return on equity of 2.77%. The business had revenue of $589.00 million for the quarter, compared to analysts’ expectations of $605.66 million.

About Valhi

Valhi, Inc is a diversified holding company with interests in chemicals, component products and other industrial businesses. Its operations are conducted primarily through majority-owned subsidiaries, including Kronos Worldwide, Inc, a global producer and marketer of titanium dioxide pigments used to provide whiteness, brightness and opacity in products such as coatings, plastics, paper and inks.

Through CompX International Inc, Valhi also participates in the component-products industry.