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

Valhi, Inc. (NYSE:VHI) announced a quarterly dividend on Friday, May 24th, Wall Street Journal reports. Shareholders of record on Monday, June 10th will be given a dividend of 0.08 per share by the basic materials company on Thursday, June 27th. This represents a $0.32 annualized dividend and a yield of 1.68%. The ex-dividend date is Monday, June 10th.

Valhi has decreased its dividend by an average of 12.6% per year over the last three years. Valhi has a dividend payout ratio of 9.3% meaning its dividend is sufficiently covered by earnings.

Valhi Stock Performance

NYSE VHI traded up $0.07 during mid-day trading on Friday, reaching $19.01. 1,961 shares of the stock were exchanged, compared to its average volume of 6,790. The company has a market capitalization of $537.75 million, a P/E ratio of 926.50 and a beta of 1.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.14 and a current ratio of 3.45. The business’s 50 day moving average is $16.20 and its 200-day moving average is $14.71. Valhi has a 1 year low of $10.80 and a 1 year high of $20.00.

Valhi (NYSE:VHI) last posted its earnings results on Thursday, March 7th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter. Valhi had a net margin of 0.03% and a return on equity of 0.05%. The business had revenue of $453.00 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Valhi in a research report on Wednesday. They set a “buy” rating on the stock.

About Valhi

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.