NL Industries, Inc. (NYSE:NL) Announces $0.21 Special Dividend

Key Points

• NL Industries, Inc. has declared a special dividend of $0.21 per share, to be distributed on August 28th to stockholders of record by August 18th.
• The company's dividend payout ratio is noted at 41.4%, indicating that its dividend is well-supported by its earnings.
• Recently, analyst ratings upgraded NL Industries from a "hold" to a "buy," suggesting improved investor sentiment towards the company.

NL Industries, Inc. (NYSE:NL - Get Free Report) announced a special dividend on Wednesday, August 6th, RTT News reports. Shareholders of record on Monday, August 18th will be given a dividend of 0.21 per share by the basic materials company on Thursday, August 28th.

NL Industries has a dividend payout ratio of 41.4% meaning its dividend is sufficiently covered by earnings.

NL Industries Stock Down 0.4%

Shares of NL Industries stock traded down $0.03 during trading hours on Friday, reaching $6.08. 13,517 shares of the stock traded hands, compared to its average volume of 37,907. The company has a 50 day moving average price of $6.54 and a 200 day moving average price of $7.26. The firm has a market capitalization of $296.82 million, a price-to-earnings ratio of 5.52 and a beta of 0.25. NL Industries has a one year low of $5.29 and a one year high of $9.42.

NL Industries (NYSE:NL - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.18). NL Industries had a net margin of 35.06% and a return on equity of 12.93%. The firm had revenue of $40.30 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut NL Industries from a "hold" rating to a "sell" rating in a research report on Saturday.

NL Industries Company Profile

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally. The company manufactures and sells mechanical and electronic cabinet locks and other locking mechanisms, including disc tumbler locks; pin tumbler locking mechanisms under KeSet, System 64, TuBar, and Turbine brands; and electronic locks under CompX eLock and StealthLock brands for use in various applications, such as mailboxes, ignition systems, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electronic circuit panels, storage compartments, gas station security, vending and cash containment machines.