NL Industries, Inc. (NYSE:NL) Declares $0.08 Quarterly Dividend

NL Industries, Inc. (NYSE:NL) declared a quarterly dividend on Thursday, October 31st,NASDAQ Dividends reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.08 per share by the basic materials company on Tuesday, December 17th. This represents a $0.32 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Friday, November 29th.

NL Industries has raised its dividend payment by an average of 20.5% per year over the last three years. NL Industries has a dividend payout ratio of 37.2% meaning its dividend is sufficiently covered by earnings.

NL Industries Trading Up 1.9 %

NL stock opened at $7.97 on Thursday. The firm has a 50-day moving average of $7.70 and a two-hundred day moving average of $6.94. NL Industries has a 12 month low of $4.46 and a 12 month high of $8.93. The company has a market cap of $389.33 million, a price-to-earnings ratio of 6.64 and a beta of 0.51.

Analysts Set New Price Targets

Separately, Barclays increased their price target on NL Industries from $5.00 to $6.00 and gave the company an “underweight” rating in a report on Wednesday, September 25th.

NL Industries Company Profile

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.