Kronos Worldwide Inc Announces Quarterly Dividend of $0.05 (NYSE:KRO)

Key Points

• Kronos Worldwide declared a quarterly dividend of $0.05 per share, payable September 17 to shareholders of record on September 3, implying an annualized dividend of $0.20 and a 3.2% yield.
• The dividend is currently supported by earnings, with a 17.7% payout ratio, but analysts’ projected earnings suggest a potential future payout ratio of 117.6%, raising coverage concerns.
• Kronos reported quarterly EPS of $0.13, beating the $0.07 consensus estimate, while revenue of $558.1 million exceeded analysts’ $484.5 million forecast; however, the company posted a negative net margin and expects a full-year loss.

Kronos Worldwide Inc (NYSE:KRO - Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Thursday, September 3rd will be paid a dividend of 0.05 per share by the specialty chemicals company on Thursday, September 17th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Thursday, September 3rd.

Kronos Worldwide has decreased its dividend by an average of 0.2%annually over the last three years. Kronos Worldwide has a dividend payout ratio of 17.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kronos Worldwide to earn $0.17 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 117.6%.

Kronos Worldwide Price Performance

Shares of KRO opened at $6.19 on Thursday. The stock has a market cap of $711.95 million, a P/E ratio of -5.33 and a beta of 1.01. The stock's 50-day moving average price is $6.53 and its two-hundred day moving average price is $6.34. The company has a current ratio of 3.18, a quick ratio of 1.41 and a debt-to-equity ratio of 0.81. Kronos Worldwide has a 1 year low of $4.08 and a 1 year high of $7.89.

Kronos Worldwide (NYSE:KRO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The specialty chemicals company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.06. Kronos Worldwide had a negative net margin of 7.12% and a negative return on equity of 15.01%. The company had revenue of $558.10 million during the quarter, compared to analyst estimates of $484.51 million. On average, equities analysts predict that Kronos Worldwide will post -0.33 earnings per share for the current year.

About Kronos Worldwide

Kronos Worldwide, Inc is a leading global producer of titanium dioxide (TiO₂) pigments, a white pigment widely used in paints, coatings, plastics, paper, and many other industrial and consumer applications. Headquartered in Dallas, Texas, the company markets its products under the “Kronos” brand and has built a reputation for high-quality pigment performance, technical support, and reliable supply. Kronos serves a diverse customer base across coatings manufacturers, plastic compounders, and paper producers, delivering solutions tailored to enhance opacity, color strength, and durability.

In addition to its core TiO₂ offerings, Kronos produces and markets iron oxide pigments and zircon-based specialty chemicals, expanding its portfolio to meet the needs of markets such as construction, ceramics, and glass.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source