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

NL Industries, Inc. (NYSE:NL) declared a quarterly dividend on Thursday, October 29th. Investors of record on Thursday, November 19th will be paid a dividend of $0.10 per share by the basic materials company on Tuesday, December 15th. This represents a $0.40 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Thursday, November 19th.

NL Industries has raised its dividend payment by an average of 0.3% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. NL Industries has a payout ratio of 46.0% meaning its dividend is sufficiently covered by earnings.

NL Industries Trading Down 2.3%

NYSE:NL opened at $6.88 on Friday. The stock has a market capitalization of $336.43 million, a price-to-earnings ratio of -13.23 and a beta of 0.14. The firm has a fifty day simple moving average of $6.82 and a two-hundred day simple moving average of $6.29. NL Industries has a 12 month low of $5.04 and a 12 month high of $8.60.

NL Industries (NYSE:NL) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.03). NL Industries had a negative net margin of 15.75% and a negative return on equity of 6.67%. The company had revenue of $43.61 million during the quarter, compared to the consensus estimate of $43.61 million.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of NL Industries in a research note on Wednesday, August 5th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has an average rating of “Hold”.

About NL Industries

NL Industries, Inc (NYSE:NL) is a holding company with interests in the chemicals and industrial products sectors. Its principal business interests include an equity investment in Kronos Worldwide, Inc, a producer and marketer of titanium dioxide pigments used to provide whiteness and opacity in products such as coatings, plastics and paper.

NL Industries also holds a controlling interest in CompX International Inc, which manufactures security products and marine components. CompX’s products include locks and related security hardware for cabinets, desks, tool storage and other applications, as well as components used in recreational boats and other marine equipment.

The company’s current structure reflects a history of operating and investing in specialty chemical and industrial businesses.