Kronos Worldwide, Inc. Declares Quarterly Dividend of $0.05 (NYSE:KRO)

Kronos Worldwide, Inc. (NYSE:KRO) declared a quarterly dividend on Wednesday, May 14th, RTT News reports. Shareholders of record on Monday, June 9th will be paid a dividend of 0.05 per share by the specialty chemicals company on Wednesday, June 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Monday, June 9th.

Kronos Worldwide has decreased its dividend payment by an average of 12.6% annually over the last three years. Kronos Worldwide has a payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kronos Worldwide to earn $1.02 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 19.6%.

Kronos Worldwide Stock Down 2.8%

KRO stock opened at $6.97 on Friday. The company has a current ratio of 2.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The firm has a 50 day simple moving average of $7.35 and a 200-day simple moving average of $9.09. The company has a market capitalization of $801.80 million, a P/E ratio of 8.60 and a beta of 1.22. Kronos Worldwide has a twelve month low of $6.19 and a twelve month high of $14.50.

Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company had revenue of $489.80 million for the quarter, compared to analyst estimates of $466.56 million. Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%.

Insider Buying and Selling

In other Kronos Worldwide news, Director Kevin B. Kramer bought 14,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $7.43 per share, for a total transaction of $104,020.00. Following the transaction, the director now directly owns 21,460 shares in the company, valued at $159,447.80. The trade was a 187.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on KRO shares. The Goldman Sachs Group reduced their target price on Kronos Worldwide from $11.00 to $8.50 and set a “sell” rating on the stock in a report on Wednesday. StockNews.com lowered shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.