Northern Technologies International Co. (NASDAQ:NTIC) to Issue $0.07 Quarterly Dividend

Northern Technologies International Co. (NASDAQ:NTIC) announced a quarterly dividend on Wednesday, April 17th, Zacks reports. Stockholders of record on Wednesday, May 1st will be paid a dividend of 0.07 per share by the specialty chemicals company on Wednesday, May 15th. This represents a $0.28 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Tuesday, April 30th.

Northern Technologies International has increased its dividend by an average of 62.7% annually over the last three years. Northern Technologies International has a payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Northern Technologies International to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 28.0%.

Northern Technologies International Stock Down 0.5 %

Shares of NASDAQ NTIC opened at $17.31 on Monday. The company’s 50-day simple moving average is $13.99 and its 200-day simple moving average is $12.76. Northern Technologies International has a 52-week low of $10.08 and a 52-week high of $17.55. The firm has a market cap of $163.23 million, a price-to-earnings ratio of 33.29 and a beta of 0.72.

Analyst Ratings Changes

NTIC has been the topic of several research analyst reports. Northland Securities lifted their target price on shares of Northern Technologies International from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. StockNews.com lowered shares of Northern Technologies International from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, TheStreet upgraded shares of Northern Technologies International from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th.

Northern Technologies International Company Profile

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.