NL Industries, Inc. (NYSE:NL – Get Free Report) announced a quarterly dividend on Thursday, May 14th. Stockholders of record on Thursday, June 4th will be paid a dividend of 0.10 per share by the basic materials company on Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Thursday, June 4th.
NL Industries has increased its dividend by an average of 0.3%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 46.0% indicating that its dividend is sufficiently covered by earnings.
NL Industries Stock Performance
Shares of NYSE:NL opened at $6.70 on Friday. The company has a market cap of $327.26 million, a P/E ratio of -9.71 and a beta of 0.19. The stock’s 50-day moving average is $5.87 and its 200-day moving average is $5.87. NL Industries has a 52-week low of $5.04 and a 52-week high of $8.45.
Wall Street Analysts Forecast Growth
NL has been the topic of a number of recent research reports. Weiss Ratings raised NL Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Wall Street Zen raised NL Industries from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
View Our Latest Stock Report on NL Industries
NL Industries Company Profile
NL Industries, Inc is a U.S.-based industrial minerals company whose primary focus is the mining, upgrading and marketing of titanium feedstocks. The company’s products include synthetic rutile and chloride slag, which serve as key raw materials for producers of titanium dioxide pigment. These pigments are widely used as whitening and opacifying agents in coatings, plastics, paper and specialty applications.
NL Industries serves a global customer base, supplying feedstocks under long-term agreements and through spot transactions.
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