NL Industries, Inc. (NYSE:NL) Plans Quarterly Dividend of $0.10

Key Points

• NL Industries declared a quarterly dividend of $0.10 per share, equivalent to $0.40 annually and a 5.8% yield. Shareholders of record on November 19 will be paid on December 15.
• The dividend appears supported by earnings, with a 46.0% payout ratio; the company has raised its dividend for two consecutive years, though average annual growth over the past three years was only 0.3%.
• NL Industries recently reported adjusted earnings of $0.18 per share, missing analyst expectations of $0.21, while its stock traded at $6.88 and analysts maintained a consensus Hold rating.

NL Industries, Inc. (NYSE:NL - Get Free Report) announced 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 is Thursday, November 19th.

NL Industries has increased its dividend payment by an average of 0.3% per year 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% indicating that its dividend is sufficiently covered by earnings.

NL Industries Price Performance

NYSE:NL opened at $6.88 on Friday. The business's 50-day simple moving average is $6.82 and its 200-day simple moving average is $6.29. NL Industries has a fifty-two week low of $5.04 and a fifty-two week high of $8.60. The stock has a market capitalization of $336.43 million, a PE ratio of -13.23 and a beta of 0.14.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "hold (c-)" rating on shares of NL Industries in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the company currently has a consensus 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.

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