Tronox Ltd (TROX) to Issue Quarterly Dividend of $0.05
Tronox Ltd (NASDAQ:TROX) declared a quarterly dividend on Wednesday, November 8th, NASDAQ reports. Stockholders of record on Monday, November 20th will be given a dividend of 0.045 per share on Friday, December 1st. This represents a $0.18 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, November 17th.
Tronox (TROX) opened at $26.80 on Friday.
Tronox (NASDAQ:TROX) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.15. The firm had revenue of $435.00 million for the quarter, compared to analyst estimates of $436.92 million. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.34) earnings per share.
In related news, Director Timothy C. Carlson purchased 25,000 shares of Tronox stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of $18.84 per share, with a total value of $471,000.00. Following the completion of the transaction, the director now owns 61,585 shares of the company’s stock, valued at approximately $1,160,261.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Niekerk Willem Hendrik Van sold 12,229 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $20.70, for a total value of $253,140.30. Following the transaction, the senior vice president now directly owns 175,528 shares of the company’s stock, valued at $3,633,429.60. The disclosure for this sale can be found here.
Several research analysts have recently weighed in on the company. UBS AG upped their price objective on Tronox from $17.00 to $18.00 and gave the stock a “sell” rating in a research report on Thursday. J P Morgan Chase & Co started coverage on Tronox in a research report on Tuesday, October 24th. They set an “overweight” rating for the company. Vertical Research started coverage on Tronox in a research report on Monday, October 23rd. They set a “buy” rating for the company. Alembic Global Advisors reissued a “buy” rating on shares of Tronox in a research report on Monday, October 23rd. Finally, BidaskClub raised Tronox from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Tronox has an average rating of “Buy” and an average price target of $18.00.
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, TiO2 and Alkali. The TiO2 segment engages in the exploration, mining, and beneficiation of mineral sands deposits.
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