NL Industries, Inc. (NYSE:NL) Shareholders to Get $0.10 Quarterly Dividend

NL Industries, Inc. (NYSE:NL) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Thursday, November 19th will be given a dividend of $0.10 per share by the basic materials company on Tuesday, December 15th. This represents a $0.40 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Thursday, November 19th.

NL Industries has raised its dividend payment by an average of 0.3% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. NL Industries has a payout ratio of 46.0% meaning its dividend is sufficiently covered by earnings.

NL Industries Trading Down 2.3%

NL stock opened at $6.88 on Friday. NL Industries has a 1-year low of $5.04 and a 1-year high of $8.60. The business’s 50 day simple moving average is $6.82 and its 200 day simple moving average is $6.29. The firm has a market capitalization of $336.43 million, a PE ratio of -13.23 and a beta of 0.14.

NL Industries (NYSE:NL) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The firm had revenue of $43.61 million during the quarter, compared to analyst estimates of $43.61 million. NL Industries had a negative net margin of 15.75% and a negative return on equity of 6.67%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of NL Industries in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About NL Industries

NL Industries, Inc (NYSE:NL) is a holding company with interests in the chemicals and industrial products sectors. Its principal business interests include an equity investment in Kronos Worldwide, Inc, a producer and marketer of titanium dioxide pigments used to provide whiteness and opacity in products such as coatings, plastics and paper.

NL Industries also holds a controlling interest in CompX International Inc, which manufactures security products and marine components. CompX’s products include locks and related security hardware for cabinets, desks, tool storage and other applications, as well as components used in recreational boats and other marine equipment.

The company’s current structure reflects a history of operating and investing in specialty chemical and industrial businesses.