Valhi, Inc. (NYSE:VHI) to Issue Quarterly Dividend of $0.08

Valhi, Inc. (NYSE:VHI) declared a quarterly dividend on Thursday, November 6th. Stockholders of record on Friday, November 21st will be paid a dividend of 0.08 per share by the basic materials company on Thursday, December 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, November 21st.

Valhi has decreased its dividend payment by an average of 0.2%annually over the last three years. Valhi has a dividend payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings.

Valhi Stock Performance

Valhi stock traded up $0.13 during mid-day trading on Friday, reaching $13.33. 4,516 shares of the company traded hands, compared to its average volume of 16,610. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.83 and a quick ratio of 1.35. The firm’s fifty day moving average is $15.30 and its two-hundred day moving average is $16.10. Valhi has a fifty-two week low of $12.58 and a fifty-two week high of $41.75. The company has a market capitalization of $377.27 million, a price-to-earnings ratio of 3.89 and a beta of 1.18.

Valhi (NYSE:VHI) last released its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.83 by ($1.16). The business had revenue of $503.50 million during the quarter. Valhi had a net margin of 4.69% and a return on equity of 7.02%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Valhi in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Valhi currently has an average rating of “Reduce” and an average price target of $12.00.

About Valhi

Valhi, Inc engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally. The company’s Chemicals segment produces and markets titanium dioxide pigments (TiO2), which are white inorganic pigments used in various applications by paint, plastics, decorative laminate, and paper manufacturers.