Valhi, Inc. (VHI) to Issue Quarterly Dividend of $0.08 on March 31st

Valhi, Inc. (NYSE:VHI) announced a quarterly dividend on Thursday, March 5th. Stockholders of record on Monday, March 16th will be given a dividend of 0.08 per share by the basic materials company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, March 16th.

Valhi has decreased its dividend by an average of 0.2%per year over the last three years. Valhi has a dividend payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings.

Valhi Stock Down 1.6%

Shares of NYSE:VHI opened at $13.59 on Friday. The firm has a market capitalization of $384.57 million, a PE ratio of -6.73 and a beta of 1.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.76 and a current ratio of 2.80. Valhi has a 52-week low of $11.44 and a 52-week high of $20.00. The firm has a fifty day moving average of $14.26 and a 200 day moving average of $14.17.

Valhi (NYSE:VHI) last released its quarterly earnings results on Tuesday, March 10th. The basic materials company reported ($1.86) earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($2.72). Valhi had a negative net margin of 2.77% and a negative return on equity of 3.20%. The firm had revenue of $494.50 million for the quarter.

About Valhi

Valhi, Inc is a diversified holding company incorporated in Delaware in 1987 and headquartered in Dallas, Texas. Through its three wholly owned subsidiaries—Kronos Worldwide, CompX International and NL Industries—Valhi participates in the manufacture and distribution of chemical and security products for industrial, commercial and consumer markets.

Kronos Worldwide is a leading independent producer of titanium dioxide pigment, a white powder that enhances brightness and opacity in paints, coatings, plastics, paper and other applications.