Kronos Worldwide Inc to Issue Quarterly Dividend of $0.05 (NYSE:KRO)

Kronos Worldwide Inc (NYSE:KRO) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Thursday, September 3rd will be given a dividend of 0.05 per share by the specialty chemicals company on Thursday, September 17th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Thursday, September 3rd.

Kronos Worldwide has decreased its dividend payment by an average of 0.2%per year over the last three years. Kronos Worldwide has a dividend payout ratio of 17.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kronos Worldwide to earn $0.17 per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of 117.6%.

Kronos Worldwide Price Performance

Shares of NYSE KRO opened at $6.19 on Thursday. The firm’s 50-day moving average price is $6.53 and its 200-day moving average price is $6.34. The firm has a market capitalization of $711.95 million, a P/E ratio of -5.33 and a beta of 1.01. The company has a current ratio of 3.18, a quick ratio of 1.41 and a debt-to-equity ratio of 0.81. Kronos Worldwide has a 1-year low of $4.08 and a 1-year high of $7.89.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data on Wednesday, August 5th. The specialty chemicals company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.07 by $0.06. Kronos Worldwide had a negative return on equity of 15.01% and a negative net margin of 7.12%.The firm had revenue of $558.10 million during the quarter, compared to the consensus estimate of $484.51 million. Equities research analysts anticipate that Kronos Worldwide will post -0.33 earnings per share for the current fiscal year.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc is a leading global producer of titanium dioxide (TiO?) pigments, a white pigment widely used in paints, coatings, plastics, paper, and many other industrial and consumer applications. Headquartered in Dallas, Texas, the company markets its products under the “Kronos” brand and has built a reputation for high-quality pigment performance, technical support, and reliable supply. Kronos serves a diverse customer base across coatings manufacturers, plastic compounders, and paper producers, delivering solutions tailored to enhance opacity, color strength, and durability.

In addition to its core TiO? offerings, Kronos produces and markets iron oxide pigments and zircon-based specialty chemicals, expanding its portfolio to meet the needs of markets such as construction, ceramics, and glass.