NL Industries, Inc. (NYSE:NL) to Issue Quarterly Dividend of $0.09

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. Stockholders 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) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, September 5th.

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

NL Industries Trading Up 5.3%

NL traded up $0.30 during trading on Thursday, reaching $6.00. 41,800 shares of the company's stock were exchanged, compared to its average volume of 36,122. The firm has a fifty day moving average price of $6.58 and a two-hundred day moving average price of $7.29. The stock has a market capitalization of $293.10 million, a PE ratio of 4.80 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 announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.01 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%. The firm had revenue of $40.30 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NL. Strs Ohio bought a new stake in NL Industries in the 1st quarter valued at $35,000. Lazard Asset Management LLC grew its holdings in shares of NL Industries by 42.9% in the fourth quarter. Lazard Asset Management LLC now owns 9,556 shares of the basic materials company's stock worth $74,000 after purchasing an additional 2,871 shares during the last quarter. Barclays PLC grew its position in shares of NL Industries by 13.4% during the 4th quarter. Barclays PLC now owns 13,538 shares of the basic materials company's stock worth $106,000 after buying an additional 1,604 shares in the last quarter. Bailard Inc. bought a new stake in NL Industries during the 1st quarter valued at $141,000. Finally, Nuveen LLC purchased a new position in NL Industries in the first quarter worth $183,000. 10.67% of the stock is currently owned by institutional investors.

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.

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