NL Industries, Inc. (NYSE:NL) to Issue $0.10 Quarterly Dividend

NL Industries, Inc. (NYSE:NL) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Thursday, September 3rd will be given a dividend of 0.10 per share by the basic materials company on Tuesday, September 22nd. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Thursday, September 3rd.

NL Industries has increased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 2 years. NL Industries has a dividend payout ratio of 46.0% indicating that its dividend is sufficiently covered by earnings.

NL Industries Stock Performance

Shares of NL opened at $5.79 on Thursday. The company has a 50 day moving average price of $5.99 and a 200-day moving average price of $6.08. NL Industries has a fifty-two week low of $5.04 and a fifty-two week high of $8.60. The stock has a market capitalization of $282.80 million, a PE ratio of -8.39 and a beta of 0.22.

NL Industries (NYSE:NL) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The business had revenue of $43.61 million for the quarter, compared to the consensus estimate of $40.92 million. NL Industries had a negative net margin of 21.56% and a negative return on equity of 8.74%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wall Street Zen raised NL Industries from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised NL Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, NL Industries has an average rating of “Hold”.

NL Industries Company Profile

NL Industries, Inc is a U.S.-based industrial minerals company whose primary focus is the mining, upgrading and marketing of titanium feedstocks. The company’s products include synthetic rutile and chloride slag, which serve as key raw materials for producers of titanium dioxide pigment. These pigments are widely used as whitening and opacifying agents in coatings, plastics, paper and specialty applications.

NL Industries serves a global customer base, supplying feedstocks under long-term agreements and through spot transactions.