NL Industries, Inc. (NYSE:NL – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Thursday, September 3rd will be given a dividend of 0.10 per share by the basic materials company on Tuesday, September 22nd. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date is Thursday, September 3rd.
NL Industries has increased its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend every year for the last 2 years. NL Industries has a dividend payout ratio of 46.0% indicating that its dividend is sufficiently covered by earnings.
NL Industries Price Performance
Shares of NL Industries stock opened at $5.79 on Thursday. The stock has a market capitalization of $282.80 million, a P/E ratio of -8.39 and a beta of 0.22. The business has a 50 day simple moving average of $5.99 and a two-hundred day simple moving average of $6.08. NL Industries has a 12 month low of $5.04 and a 12 month high of $8.60.
About NL Industries
NL Industries, Inc is a U.S.-based industrial minerals company whose primary focus is the mining, upgrading and marketing of titanium feedstocks. The company’s products include synthetic rutile and chloride slag, which serve as key raw materials for producers of titanium dioxide pigment. These pigments are widely used as whitening and opacifying agents in coatings, plastics, paper and specialty applications.
NL Industries serves a global customer base, supplying feedstocks under long-term agreements and through spot transactions.
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