Northern Technologies International Corporation Plans Quarterly Dividend of $0.01 (NASDAQ:NTIC)

Northern Technologies International Corporation (NASDAQ:NTIC) announced a quarterly dividend on Wednesday, January 14th. Investors of record on Wednesday, January 28th will be paid a dividend of 0.01 per share by the specialty chemicals company on Wednesday, February 11th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, January 28th.

Northern Technologies International has increased its dividend by an average of 0.0%per year over the last three years. Northern Technologies International has a dividend payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Northern Technologies International to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 4.4%.

Northern Technologies International Price Performance

Northern Technologies International stock traded up $0.50 during mid-day trading on Wednesday, hitting $9.46. The company’s stock had a trading volume of 27,681 shares, compared to its average volume of 27,572. Northern Technologies International has a twelve month low of $6.75 and a twelve month high of $13.31. The stock’s fifty day moving average price is $7.84 and its two-hundred day moving average price is $7.79. The stock has a market capitalization of $89.75 million, a P/E ratio of -236.38 and a beta of 0.15. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 0.01.

Northern Technologies International (NASDAQ:NTIC) last announced its earnings results on Thursday, January 8th. The specialty chemicals company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Northern Technologies International had a negative return on equity of 0.44% and a negative net margin of 0.35%.The company had revenue of $23.31 million for the quarter, compared to analyst estimates of $22.10 million. Research analysts forecast that Northern Technologies International will post 0.56 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on NTIC shares. Weiss Ratings restated a “sell (d)” rating on shares of Northern Technologies International in a report on Monday, December 29th. Wall Street Zen raised Northern Technologies International to a “hold” rating in a research note on Saturday. Finally, Zacks Research cut Northern Technologies International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, Northern Technologies International currently has a consensus rating of “Sell”.

Northern Technologies International Company Profile

Northern Technologies International Corporation (NASDAQ: NTIC) is a Minnesota‐based specialty chemical company that develops, manufactures and markets environmentally responsible corrosion prevention and metal surface treatment products. The company’s solutions include volatile corrosion inhibitor (VCI) films, emitters, powders and liquids designed to protect ferrous and non‐ferrous metals in industrial, aerospace, defense, electronics and automotive applications. In addition, NTIC offers packaging materials, engineered coatings and specialty pretreatment chemicals that meet stringent environmental regulations while extending equipment life and reducing maintenance costs.

NTIC serves a diversified global customer base, including metal fabricators, automotive suppliers, electronics manufacturers and oil and gas producers.