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

Valhi, Inc. (NYSE:VHI) declared a quarterly dividend on Thursday, August 6th. Stockholders of record on Thursday, September 3rd will be given a dividend of 0.08 per share by the basic materials company on Thursday, September 24th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, September 3rd.

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

Valhi Trading Down 4.7%

Shares of VHI stock traded down $0.75 on Friday, reaching $15.25. 20,567 shares of the company’s stock were exchanged, compared to its average volume of 17,305. The company’s fifty day simple moving average is $14.02 and its 200 day simple moving average is $14.12. Valhi has a 52 week low of $11.44 and a 52 week high of $17.67. The company has a current ratio of 3.25, a quick ratio of 1.74 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $431.60 million, a PE ratio of -6.00 and a beta of 0.97.

Valhi (NYSE:VHI) last issued its earnings results on Thursday, August 6th. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.18). Valhi had a negative net margin of 3.45% and a negative return on equity of 4.29%. The company had revenue of $606.10 million for the quarter, compared to analysts’ expectations of $559.69 million.

Institutional Investors Weigh In On Valhi

A number of large investors have recently bought and sold shares of VHI. BlackRock Inc. acquired a new stake in Valhi during the second quarter worth about $2,776,000. Bank of New York Mellon Corp purchased a new position in shares of Valhi during the 2nd quarter valued at approximately $687,000. GSA Capital Partners LLP purchased a new position in shares of Valhi during the 2nd quarter valued at approximately $321,000. Millennium Management LLC acquired a new position in shares of Valhi in the 4th quarter valued at $201,000. Finally, Jane Street Group LLC purchased a new stake in Valhi during the fourth quarter worth $183,000. Hedge funds and other institutional investors own 3.83% of the company’s stock.

Valhi Company Profile

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.