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

Valhi, Inc. (NYSE:VHI) declared a quarterly dividend on Thursday, August 6th. Stockholders of record on Thursday, September 3rd will be given a dividend of 0.08 per share by the basic materials company on Thursday, September 24th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 3rd.

Valhi has decreased its dividend by an average of 0.1%per year over the last three years. Valhi has a payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings.

Valhi Trading Down 5.5%

Shares of VHI stock traded down $0.88 on Friday, hitting $15.12. 19,741 shares of the stock traded hands, compared to its average volume of 17,304. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.74 and a current ratio of 3.25. Valhi has a twelve month low of $11.44 and a twelve month high of $17.67. The firm’s 50-day moving average price is $14.02 and its two-hundred day moving average price is $14.12. The stock has a market capitalization of $428.04 million, a PE ratio of -5.95 and a beta of 0.97.

Valhi (NYSE:VHI) last issued its earnings results on Thursday, August 6th. The basic materials company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.18). The firm had revenue of $606.10 million for the quarter, compared to analysts’ expectations of $559.69 million. Valhi had a negative return on equity of 4.29% and a negative net margin of 3.45%.

About Valhi

Valhi, Inc is a diversified holding company incorporated in Delaware in 1987 and headquartered in Dallas, Texas. Through its three wholly owned subsidiaries—Kronos Worldwide, CompX International and NL Industries—Valhi participates in the manufacture and distribution of chemical and security products for industrial, commercial and consumer markets.

Kronos Worldwide is a leading independent producer of titanium dioxide pigment, a white powder that enhances brightness and opacity in paints, coatings, plastics, paper and other applications.