Tronox Holdings PLC (NYSE:TROX) Stock to Pay Quarterly Dividend of $0.05

Key Points

• Tronox declared a quarterly dividend of $0.05 per share, payable January 15 to shareholders of record November 16. The annualized dividend is $0.20, a yield of 5.9%.
• The current payout ratio is 25%, but the article notes analysts expect a loss next year, which could make the dividend difficult to cover from future earnings.
• Tronox reported a quarterly loss of $0.51 per share, missing estimates, despite revenue rising 18.7% year over year. Shares were down 2.2% and opened at $3.38.

Tronox Holdings PLC (NYSE:TROX - Get Free Report) declared 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 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, November 16th.

Tronox has a dividend payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. 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%

Shares of Tronox stock opened at $3.38 on Wednesday. The company has a current ratio of 2.55, a quick ratio of 0.81 and a debt-to-equity ratio of 2.62. The business's 50 day simple moving average is $4.12 and its 200-day simple moving average is $6.59. The stock has a market capitalization of $540.58 million, a price-to-earnings ratio of -0.98 and a beta of 0.98. Tronox has a twelve month low of $2.86 and a twelve month high of $10.59.

Tronox (NYSE:TROX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.13). The company had revenue of $868.00 million during the quarter, compared to the consensus estimate of $832.59 million. Tronox had a negative return on equity of 24.34% and a negative net margin of 17.96%. The company's revenue for the quarter was up 18.7% on a year-over-year basis. During the same period last year, the business posted ($0.28) EPS. Equities research analysts forecast that Tronox will post -1.49 earnings per share for the current year.

Tronox Company Profile

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.

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