Tronox Holdings PLC Declares Quarterly Dividend of $0.05 (NYSE:TROX)

Tronox Holdings PLC (NYSE:TROX) declared a quarterly dividend on Wednesday, February 11th. Investors of record on Monday, February 23rd will be given a dividend of 0.05 per share on Thursday, April 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, February 23rd.

Tronox has raised its dividend payment by an average of 0.2%annually over the last three years. Tronox has a dividend payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Tronox to earn $0.96 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 20.8%.

Tronox Stock Up 6.9%

Shares of NYSE TROX opened at $8.40 on Thursday. The company has a quick ratio of 0.73, a current ratio of 2.72 and a debt-to-equity ratio of 1.97. The business’s 50 day moving average is $5.40 and its two-hundred day moving average is $4.43. Tronox has a 52-week low of $2.86 and a 52-week high of $9.96. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -4.10 and a beta of 1.18.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TROX. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $8.00 price objective on shares of Tronox in a report on Tuesday, January 27th. Truist Financial lifted their target price on Tronox from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. The Goldman Sachs Group increased their price target on shares of Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Weiss Ratings restated a “sell (d)” rating on shares of Tronox in a report on Wednesday, January 21st. Finally, UBS Group raised their price target on shares of Tronox from $3.80 to $5.25 and gave the company a “neutral” rating in a research report on Monday, January 12th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Tronox has a consensus rating of “Hold” and an average price target of $6.03.

Tronox Company Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.