Minerals Technologies Inc. (MTX) to Distribute Quarterly Dividend of $0.12 on September 4th

Minerals Technologies Inc. (NYSE:MTX) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Friday, August 14th will be paid a dividend of 0.12 per share by the basic materials company on Friday, September 4th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, August 14th.

Minerals Technologies has increased 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 dividend payout ratio of 7.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Minerals Technologies to earn $7.07 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 6.8%.

Minerals Technologies Stock Down 0.7%

NYSE MTX opened at $73.92 on Wednesday. The firm has a market cap of $2.30 billion, a PE ratio of -34.07 and a beta of 1.14. Minerals Technologies has a one year low of $53.94 and a one year high of $84.34. The stock’s 50 day simple moving average is $75.31 and its 200 day simple moving average is $73.20. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.43 and a quick ratio of 1.00.

Minerals Technologies (NYSE:MTX) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.04). The business had revenue of $548.40 million for the quarter, compared to analyst estimates of $558.77 million. Minerals Technologies had a negative net margin of 3.13% and a positive return on equity of 10.63%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.55 earnings per share. As a group, sell-side analysts forecast that Minerals Technologies will post 6.03 earnings per share for the current fiscal year.

Minerals Technologies Company Profile

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.