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

Tronox has a dividend payout ratio of 62.5% indicating that 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 2.5%

Shares of NYSE TROX traded down $0.08 during trading hours on Friday, hitting $3.15. 4,457,251 shares of the stock were exchanged, compared to its average volume of 5,100,524. The company has a quick ratio of 0.52, a current ratio of 2.10 and a debt-to-equity ratio of 1.64. The company has a market cap of $499.15 million, a PE ratio of -1.99 and a beta of 1.35. The firm has a fifty day moving average price of $5.25 and a 200-day moving average price of $6.32. Tronox has a 12 month low of $2.95 and a 12 month high of $15.07.

Tronox (NYSE:TROX - Get Free Report) last posted 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). The firm had revenue of $731.00 million for the quarter, compared to the consensus estimate of $802.03 million. Tronox had a negative return on equity of 4.83% and a negative net margin of 8.48%. The company's revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 EPS. On average, sell-side analysts expect that Tronox will post 0.49 EPS for the current year.

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.