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

Key Points

• Northern Technologies International Corporation has declared a quarterly dividend of $0.01 per share, with payment scheduled for November 12th to shareholders of record on October 29th.
• The company's current dividend reflects a 0.5% yield and is well-covered by earnings, with an expected future payout ratio of only 4.4% based on projected earnings of $0.90 per share next year.
• NTIC stock saw a slight increase of 0.5%, trading at $7.73 with a market capitalization of $73.23 million and a price-to-earnings ratio of 25.77.

Northern Technologies International Corporation (NASDAQ:NTIC - Get Free Report) announced a quarterly dividend on Wednesday, October 15th. Shareholders of record on Wednesday, October 29th will be paid a dividend of 0.01 per share by the specialty chemicals company on Wednesday, November 12th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, October 29th.

Northern Technologies International has a payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. 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 0.5%

NTIC stock traded up $0.04 during trading on Wednesday, reaching $7.73. The stock had a trading volume of 16,017 shares, compared to its average volume of 30,701. Northern Technologies International has a one year low of $6.75 and a one year high of $15.09. The company's 50 day moving average is $7.64 and its two-hundred day moving average is $7.75. The company has a market capitalization of $73.23 million, a price-to-earnings ratio of 25.77 and a beta of 0.31.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. grew its position in shares of Northern Technologies International by 1,124.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,501 shares of the specialty chemicals company's stock valued at $26,000 after acquiring an additional 3,215 shares during the period. Nuveen LLC bought a new position in shares of Northern Technologies International during the 1st quarter valued at approximately $109,000. Qube Research & Technologies Ltd bought a new position in shares of Northern Technologies International during the 2nd quarter valued at approximately $88,000. Private Advisor Group LLC bought a new position in shares of Northern Technologies International during the 1st quarter valued at approximately $130,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Northern Technologies International during the 2nd quarter valued at approximately $130,000. 32.88% of the stock is owned by institutional investors.

Northern Technologies International Company Profile

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.

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