NL Industries, Inc. Declares Quarterly Dividend of $0.09 (NYSE:NL)

NL Industries, Inc. (NYSE:NL) announced a quarterly dividend on Thursday, May 15th, RTT News reports. Stockholders of record on Monday, June 9th will be given a dividend of 0.09 per share by the basic materials company on Tuesday, June 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.48%.

NL Industries has increased its dividend by an average of 10.1% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. NL Industries has a dividend payout ratio of 39.1% meaning its dividend is sufficiently covered by earnings.

NL Industries Stock Performance

Shares of NL Industries stock opened at $8.03 on Friday. NL Industries has a 52-week low of $5.20 and a 52-week high of $9.42. The stock’s 50-day simple moving average is $7.89 and its 200 day simple moving average is $7.75. The stock has a market capitalization of $392.25 million, a P/E ratio of 6.69 and a beta of 0.36.

NL Industries (NYSE:NL) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.19). NL Industries had a net margin of 38.69% and a return on equity of 14.74%. The company had revenue of $40.30 million for the quarter.

Insider Activity at NL Industries

In other NL Industries news, Director Kevin B. Kramer acquired 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $6.59 per share, with a total value of $42,835.00. Following the completion of the transaction, the director now directly owns 9,350 shares of the company’s stock, valued at approximately $61,616.50. This represents a 228.07% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered NL Industries from a “buy” rating to a “hold” rating in a research note on Friday, May 9th.

About NL Industries

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally. The company manufactures and sells mechanical and electronic cabinet locks and other locking mechanisms, including disc tumbler locks; pin tumbler locking mechanisms under KeSet, System 64, TuBar, and Turbine brands; and electronic locks under CompX eLock and StealthLock brands for use in various applications, such as mailboxes, ignition systems, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electronic circuit panels, storage compartments, gas station security, vending and cash containment machines.