Quarterly Dividend of $0.05 Planned by Minerals Tech (MTX)
Minerals Tech (NYSE:MTX) announced a quarterly dividend on Wednesday, January 23rd. Investors of record on Friday, February 22nd will be paid a dividend of $0.05 per share on Wednesday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.48%.
On the ratings front, analysts at Sidoti downgraded shares of Minerals Tech from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, January 8th.
Two analysts have rated the stock with a buy rating, one has issued an overweight rating, and two have assigned a hold rating to the company’s stock. The company has a consensus rating of “overweight” and a consensus target price of $39.50.
Minerals Tech (MTX) traded down 0.46% on Wednesday, hitting $41.31. Minerals Tech (MTX) has a 1-year low of $30.44 and a 1-year high of $41.54. The stock’s 50-day moving average is currently $39.61. The company has a market cap of $1.462 billion and a price-to-earnings ratio of 19.37.
Minerals Tech last posted its quarterly earnings results on Thursday, November 1st. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.01 by $0.04. The company’s quarterly revenue was down 4.5% on a year-over-year basis. On average, analysts predict that Minerals Tech (MTX) will post $2.14 earnings per share for the current fiscal year.
Minerals Technologies Inc. is a resource- and technology-based company, which develops, produces and markets a range of specialty mineral, mineral-based and synthetic mineral products and supporting systems and services.
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