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

Key Points

• Kronos Worldwide Inc has declared a quarterly dividend of $0.05 per share, which will be paid on September 18th to shareholders of record on September 5th, representing an annualized yield of 3.7%.
• The company reported a (0.08) earnings per share for the last quarter, falling short of analysts' expectations of $0.23.
• Recently, institutional investors have increased their stakes in Kronos Worldwide, with some notable increases including a 2,455.6% rise in ownership by US Bancorp DE in the first quarter.

Kronos Worldwide Inc (NYSE:KRO - Get Free Report) declared a quarterly dividend on Wednesday, August 6th, RTT News reports. Shareholders of record on Friday, September 5th will be paid a dividend of 0.05 per share by the specialty chemicals company on Thursday, September 18th. This represents a c) dividend on an annualized basis and a yield of 3.7%.

Kronos Worldwide has a dividend payout ratio of 17.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kronos Worldwide to earn $1.02 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 19.6%.

Kronos Worldwide Stock Performance

Shares of NYSE:KRO traded down $0.09 during trading on Wednesday, hitting $5.42. 211,700 shares of the company traded hands, compared to its average volume of 224,213. The company has a quick ratio of 0.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.56. The business's fifty day moving average is $6.26 and its 200-day moving average is $7.39. The stock has a market capitalization of $622.94 million, a price-to-earnings ratio of 6.52 and a beta of 1.09. Kronos Worldwide has a one year low of $5.11 and a one year high of $12.98.

Kronos Worldwide (NYSE:KRO - Get Free Report) last posted its earnings results on Wednesday, August 6th. The specialty chemicals company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.31). Kronos Worldwide had a net margin of 5.07% and a return on equity of 11.71%.

Hedge Funds Weigh In On Kronos Worldwide

Large investors have recently bought and sold shares of the stock. Federated Hermes Inc. bought a new stake in shares of Kronos Worldwide in the 4th quarter worth approximately $25,000. Quantbot Technologies LP acquired a new position in Kronos Worldwide in the 1st quarter worth approximately $29,000. KLP Kapitalforvaltning AS acquired a new position in Kronos Worldwide during the fourth quarter valued at $30,000. Aquatic Capital Management LLC boosted its position in Kronos Worldwide by 144.8% during the 4th quarter. Aquatic Capital Management LLC now owns 3,183 shares of the specialty chemicals company's stock worth $31,000 after acquiring an additional 1,883 shares during the period. Finally, US Bancorp DE increased its stake in shares of Kronos Worldwide by 2,455.6% in the first quarter. US Bancorp DE now owns 6,108 shares of the specialty chemicals company's stock worth $46,000 after acquiring an additional 5,869 shares during the last quarter. Institutional investors and hedge funds own 15.11% of the company's stock.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.

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