Tronox Ltd Declares Quarterly Dividend of $0.05 (NASDAQ:TROX)

Tronox Ltd (NASDAQ:TROX) announced a quarterly dividend on Tuesday, August 8th, Fidelity reports. Shareholders of record on Monday, August 21st will be given a dividend of 0.045 per share on Thursday, August 31st. This represents a $0.18 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, August 17th.

Tronox (NASDAQ TROX) traded up 2.71% during midday trading on Friday, reaching $19.69. 1,090,494 shares of the company’s stock traded hands. The company’s 50-day moving average price is $17.61 and its 200 day moving average price is $16.41. Tronox has a 52 week low of $7.40 and a 52 week high of $21.00. The stock has a market capitalization of $2.34 billion and a price-to-earnings ratio of 49.35.

Tronox (NASDAQ:TROX) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.16. The firm had revenue of $622 million during the quarter, compared to the consensus estimate of $601.55 million. During the same period in the prior year, the business earned ($0.43) EPS. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities research analysts expect that Tronox will post $0.13 earnings per share for the current year.

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Separately, UBS AG reissued a “sell” rating and issued a $14.00 price target (down previously from $15.00) on shares of Tronox in a research report on Wednesday, June 14th.

About Tronox

Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, TiO2 and Alkali. The TiO2 segment engages in the exploration, mining, and beneficiation of mineral sands deposits.

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