Northern Technologies International Corporation Declares Quarterly Dividend of $0.01 (NASDAQ:NTIC)

Northern Technologies International Corporation (NASDAQ:NTIC - Get Free Report) declared a quarterly dividend on Thursday, July 17th, Wall Street Journal reports. Stockholders of record on Wednesday, July 30th will be paid a dividend of 0.01 per share by the specialty chemicals company on Wednesday, August 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Wednesday, July 30th.

Northern Technologies International has a payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Northern Technologies International to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 4.4%.

Northern Technologies International Stock Up 0.8%

Shares of NASDAQ:NTIC traded up $0.07 on Monday, reaching $8.02. The company had a trading volume of 2,063 shares, compared to its average volume of 29,016. Northern Technologies International has a twelve month low of $6.75 and a twelve month high of $15.09. The stock has a 50-day moving average price of $7.61 and a 200 day moving average price of $9.49. The stock has a market capitalization of $75.90 million, a P/E ratio of 26.55 and a beta of 0.29.

Northern Technologies International (NASDAQ:NTIC - Get Free Report) last issued its quarterly earnings results on Thursday, July 10th. The specialty chemicals company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). Northern Technologies International had a net margin of 3.46% and a return on equity of 3.38%. The firm had revenue of $21.51 million for the quarter, compared to the consensus estimate of $20.70 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. On average, sell-side analysts predict that Northern Technologies International will post 0.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Northern Technologies International from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th.

About Northern Technologies International

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.