Tronox Holdings PLC (NYSE:TROX) Shareholders to Receive $0.05 Quarterly Dividend

Tronox Holdings PLC (NYSE:TROX) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Monday, November 16th will be given a dividend of $0.05 per share on Friday, January 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, November 16th.

Tronox has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tronox to earn ($0.49) per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of -40.8%.

Tronox Stock Down 2.2%

TROX opened at $3.38 on Wednesday. Tronox has a 1 year low of $2.86 and a 1 year high of $10.59. The firm has a 50 day moving average price of $4.12 and a 200 day moving average price of $6.59. The company has a market cap of $540.58 million, a PE ratio of -0.98 and a beta of 0.98. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.81 and a current ratio of 2.55.

Tronox (NYSE:TROX) last announced its earnings results on Wednesday, August 5th. The company reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.13). Tronox had a negative net margin of 17.96% and a negative return on equity of 24.34%. The company had revenue of $868.00 million for the quarter, compared to analysts’ expectations of $832.59 million. During the same quarter in the previous year, the business posted ($0.28) earnings per share. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. Sell-side analysts expect that Tronox will post -1.49 earnings per share for the current year.

About Tronox

Tronox Holdings plc (NYSE:TROX) is a global producer of titanium dioxide pigment and other titanium products. Its titanium dioxide is used to provide whiteness, brightness and opacity in paints and coatings, plastics, paper, inks and related applications. The company also produces zircon and other mineral sands products used in ceramics, refractories, foundries and industrial applications.

Tronox operates an integrated business that includes the mining of mineral sands, production of titanium-bearing feedstocks, and manufacture of titanium dioxide pigment and specialty products.