Minerals Technologies Inc. (NYSE:MTX) Declares Quarterly Dividend of $0.12

Minerals Technologies Inc. (NYSE:MTX) declared a quarterly dividend on Wednesday, January 21st. Investors of record on Friday, February 13th will be paid a dividend of 0.12 per share by the basic materials company on Friday, March 6th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, February 13th.

Minerals Technologies has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 2 years. Minerals Technologies has a payout ratio of 7.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Minerals Technologies to earn $7.54 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 6.4%.

Minerals Technologies Stock Up 2.1%

Minerals Technologies stock opened at $67.36 on Thursday. The business has a fifty day moving average of $61.37 and a two-hundred day moving average of $60.72. The company has a quick ratio of 1.37, a current ratio of 1.98 and a debt-to-equity ratio of 0.56. The firm has a market cap of $2.10 billion, a P/E ratio of -3,366.07 and a beta of 1.27. Minerals Technologies has a twelve month low of $49.54 and a twelve month high of $78.23.

Minerals Technologies (NYSE:MTX) last announced its quarterly earnings results on Thursday, October 23rd. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.08. The business had revenue of $532.40 million for the quarter, compared to the consensus estimate of $531.20 million. Minerals Technologies had a positive return on equity of 10.69% and a negative net margin of 0.08%.The business’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $1.51 EPS. On average, analysts forecast that Minerals Technologies will post 6.62 earnings per share for the current fiscal year.

About Minerals Technologies

Minerals Technologies Inc develops, produces and processes a broad range of mineral-based products and solutions that serve a variety of industrial applications. Its offerings include bentonite, perlite, precipitated calcium carbonate (PCC), mineral sands, foundry additives, performance minerals and specialty chemicals designed to enhance performance in markets such as paper, steel, construction, oil and gas, environmental remediation and consumer products.

The company operates through several business segments, including Specialty Minerals, Refractory Minerals, Performance Materials and Recycled Materials.