Valhi, Inc. (NYSE:VHI) to Issue $0.08 Quarterly Dividend

Valhi, Inc. (NYSE:VHI - Get Free Report) announced a quarterly dividend on Thursday, May 22nd, RTT News reports. Stockholders of record on Monday, June 9th will be given a dividend of 0.08 per share by the basic materials company on Thursday, June 26th. This represents a $0.32 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Monday, June 9th.

Valhi has a dividend payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings.

Valhi Stock Down 2.1%

VHI stock traded down $0.32 during mid-day trading on Wednesday, reaching $15.19. 8,101 shares of the company traded hands, compared to its average volume of 22,759. The company has a quick ratio of 1.65, a current ratio of 2.79 and a debt-to-equity ratio of 0.39. The firm's 50 day moving average price is $16.40 and its 200 day moving average price is $20.03. The stock has a market cap of $429.80 million, a price-to-earnings ratio of 4.87 and a beta of 1.33. Valhi has a fifty-two week low of $14.20 and a fifty-two week high of $41.75.

Valhi (NYSE:VHI - Get Free Report) last announced its earnings results on Thursday, May 8th. The basic materials company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.07). Valhi had a net margin of 4.29% and a return on equity of 6.90%. The firm had revenue of $538.60 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Valhi stock. Empowered Funds LLC lifted its holdings in Valhi, Inc. (NYSE:VHI - Free Report) by 1.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,202 shares of the basic materials company's stock after buying an additional 2,753 shares during the quarter. Empowered Funds LLC owned approximately 0.51% of Valhi worth $2,343,000 as of its most recent SEC filing. 3.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on VHI shares. Barclays lowered their price target on Valhi from $20.00 to $12.00 and set an "underweight" rating on the stock in a report on Wednesday. Wall Street Zen raised Valhi from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th.

Valhi Company Profile

Valhi, Inc engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally. The company's Chemicals segment produces and markets titanium dioxide pigments (TiO2), which are white inorganic pigments used in various applications by paint, plastics, decorative laminate, and paper manufacturers.