Tronox Holdings PLC (NYSE:TROX) Announces Dividend of $0.05

Key Points

• Tronox Holdings PLC has declared a dividend of $0.05 per share, with an ex-dividend date on August 11th and a payment date set for October 3rd.
• The company's dividend payout ratio stands at 62.5%, indicating that it is well-supported by earnings.
• For the recent quarter, Tronox reported an EPS of (0.28), missing analyst expectations, and its revenue dropped by 10.9% year-over-year.

Tronox Holdings PLC (NYSE:TROX - Get Free Report) announced a dividend on Tuesday, August 5th, investing.com reports. Investors of record on Tuesday, August 12th will be given a dividend of 0.05 per share on Friday, October 3rd. This represents a dividend yield of 629.0%. The ex-dividend date of this dividend is Monday, August 11th.

Tronox has a payout ratio of 62.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Tronox to earn $0.96 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 52.1%.

Tronox Stock Down 3.5%

NYSE:TROX traded down $0.12 during trading hours on Wednesday, reaching $3.22. 5,646,563 shares of the company traded hands, compared to its average volume of 4,809,821. The company has a current ratio of 2.10, a quick ratio of 0.52 and a debt-to-equity ratio of 1.64. The business's 50-day moving average price is $5.33 and its two-hundred day moving average price is $6.42. Tronox has a 1 year low of $2.95 and a 1 year high of $15.07. The stock has a market capitalization of $509.45 million, a P/E ratio of -2.03 and a beta of 1.35.

Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.24). Tronox had a negative net margin of 8.48% and a negative return on equity of 4.83%. The business had revenue of $731.00 million for the quarter, compared to analysts' expectations of $802.03 million. During the same period last year, the business earned $0.07 earnings per share. The company's quarterly revenue was down 10.9% on a year-over-year basis. Analysts predict that Tronox will post 0.49 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO John D. Romano purchased 100,000 shares of Tronox stock in a transaction dated Friday, August 1st. The shares were purchased at an average price of $3.09 per share, with a total value of $309,000.00. Following the transaction, the chief executive officer owned 1,333,485 shares in the company, valued at $4,120,468.65. This represents a 8.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeffrey A. Engle acquired 12,600 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of $3.07 per share, for a total transaction of $38,682.00. Following the completion of the acquisition, the senior vice president directly owned 146,926 shares of the company's stock, valued at $451,062.82. The trade was a 9.38% increase in their position. The disclosure for this purchase can be found here. Insiders bought 118,600 shares of company stock valued at $367,602 over the last 90 days. Company insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On Tronox

Several institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC boosted its holdings in shares of Tronox by 832.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,805 shares of the company's stock valued at $38,000 after acquiring an additional 3,397 shares during the period. Public Employees Retirement System of Ohio raised its position in Tronox by 48.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,844 shares of the company's stock valued at $50,000 after purchasing an additional 3,231 shares during the last quarter. Amplius Wealth Advisors LLC acquired a new stake in Tronox during the 2nd quarter worth $64,000. Focus Partners Advisor Solutions LLC purchased a new position in Tronox during the 2nd quarter worth $64,000. Finally, Nisa Investment Advisors LLC grew its position in Tronox by 763.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 9,127 shares of the company's stock worth $65,000 after purchasing an additional 8,070 shares during the last quarter. 73.36% of the stock is owned by hedge funds and other institutional investors.

Tronox Company Profile

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.