Free Trial

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

NL Industries logo with Basic Materials background

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.
  • Looking to Export and Analyze NL Industries Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

NL Industries, Inc. (NYSE:NL - Get Free Report) announced a special dividend on Wednesday, August 6th, RTT News reports. Stockholders 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 Price Performance

Shares of NYSE NL traded down $0.11 during trading hours on Wednesday, hitting $5.86. 37,623 shares of the company's stock were exchanged, compared to its average volume of 36,084. NL Industries has a 1-year low of $5.29 and a 1-year high of $9.42. The company's 50-day moving average price is $6.61 and its 200-day moving average price is $7.30. The stock has a market capitalization of $286.02 million, a price-to-earnings ratio of 4.68 and a beta of 0.25.

NL Industries (NYSE:NL - Get Free Report) last issued its quarterly earnings data 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 41.23% and a return on equity of 14.97%.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of NL Industries from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th.

Get Our Latest Research Report on NL Industries

NL Industries Company Profile

(Get Free Report)

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.

Featured Articles

Dividend History for NL Industries (NYSE:NL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in NL Industries Right Now?

Before you consider NL Industries, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NL Industries wasn't on the list.

While NL Industries currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Quantum Boom: 3 Strong Picks with Lower Risk
3 Overlooked AI Stocks That Chipmakers Can’t Live Without
Palantir & AMD Earnings: Massive Options Setups Ahead

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines