Kronos Worldwide Inc (NYSE:KRO – Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.05 per share by the specialty chemicals company on Thursday, December 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, November 19th.
Kronos Worldwide has decreased its dividend payment by an average of 0.2% per year over the last three years. Kronos Worldwide has a payout ratio of 17.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kronos Worldwide to earn $0.61 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 32.8%.
Kronos Worldwide Stock Performance
Shares of NYSE KRO opened at $7.65 on Thursday. The firm has a market capitalization of $880.51 million, a price-to-earnings ratio of -8.05 and a beta of 1.10. Kronos Worldwide has a one year low of $4.08 and a one year high of $9.17. The business has a fifty day simple moving average of $8.05 and a 200 day simple moving average of $6.83. The company has a current ratio of 3.30, a quick ratio of 1.55 and a debt-to-equity ratio of 0.76.
Kronos Worldwide (NYSE:KRO – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The specialty chemicals company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.06. The firm had revenue of $558.10 million for the quarter, compared to analyst estimates of $484.51 million. Kronos Worldwide had a negative net margin of 5.63% and a negative return on equity of 12.28%. Sell-side analysts expect that Kronos Worldwide will post 0.35 EPS for the current year.
About Kronos Worldwide
Kronos Worldwide, Inc (NYSE:KRO) is a global producer and marketer of titanium dioxide (TiO2) pigments. Its products are sold primarily under the KRONOS brand and are used to provide whiteness, opacity, brightness and protection in paints and coatings, plastics, paper and other manufactured products.
The company also produces certain specialty chemicals, including iron-based products and related inorganic chemicals. Kronos serves industrial customers through manufacturing and distribution operations in North America and Europe, with products marketed to customers in markets around the world.
Kronos Worldwide traces its roots to the early development of commercial titanium dioxide production and is part of the Valhi, Inc corporate family.
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