NL Industries, Inc. (NYSE:NL) Announces Dividend Increase – $0.10 Per Share

NL Industries, Inc. (NYSE:NL) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Tuesday, March 10th will be given a dividend of 0.10 per share by the basic materials company on Thursday, March 26th. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Tuesday, March 10th. This is a 11.1% increase from NL Industries’s previous quarterly dividend of $0.09.

NL Industries has a payout ratio of 41.4% meaning its dividend is sufficiently covered by earnings.

NL Industries Trading Down 3.7%

Shares of NL Industries stock traded down $0.24 on Friday, reaching $6.19. 1,393 shares of the company were exchanged, compared to its average volume of 68,150. The company has a market capitalization of $302.54 million, a price-to-earnings ratio of 30.85 and a beta of 0.27. NL Industries has a one year low of $5.04 and a one year high of $9.27. The company has a 50-day moving average of $6.01 and a 200 day moving average of $5.98.

About NL Industries

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.