NL Industries, Inc. (NYSE:NL) Plans $0.09 Quarterly Dividend

Key Points

• NL Industries, Inc. announced a quarterly dividend of $0.09 per share, which will be paid to stockholders on September 23rd, with an ex-dividend date of September 5th.
• The company has a payout ratio of 41.4%, indicating that its dividend is well covered by earnings.
• NL Industries recently reported a net margin of 41.23% and a revenue of $40.30 million for the last quarter, but missed analysts' earnings estimates.

NL Industries, Inc. (NYSE:NL - Get Free Report) announced a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Shareholders of record on Friday, September 5th will be paid a dividend of 0.09 per share by the basic materials company on Tuesday, September 23rd. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date is Friday, September 5th.

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

NL Industries Trading Up 4.2%

NL stock traded up $0.26 during mid-day trading on Monday, hitting $6.35. 15,712 shares of the company were exchanged, compared to its average volume of 37,907. NL Industries has a 1-year low of $5.29 and a 1-year high of $9.42. The business has a 50 day simple moving average of $6.52 and a 200-day simple moving average of $7.24. The stock has a market capitalization of $310.02 million, a PE ratio of 5.77 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 for the quarter, missing the consensus estimate of $0.19 by ($0.18). The business had revenue of $40.30 million during the quarter. NL Industries had a return on equity of 12.93% and a net margin of 35.06%.

Analyst Upgrades and Downgrades

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

About NL Industries

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.