Northern Technologies International Co. (NASDAQ:NTIC) Plans $0.07 Quarterly Dividend

Posted by James Quigley on Jan 27th, 2025

Northern Technologies International Co. (NASDAQ:NTIC – Get Free Report) announced a quarterly dividend on Wednesday, January 15th,Wall Street Journal reports. Shareholders of record on Wednesday, January 29th will be given a dividend of 0.07 per share by the specialty chemicals company on Wednesday, February 12th. This represents a $0.28 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Wednesday, January 29th.

Northern Technologies International has increased its dividend payment by an average of 1.9% per year over the last three years. Northern Technologies International has a dividend payout ratio of 31.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Northern Technologies International to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 31.1%.

Northern Technologies International Stock Performance

NASDAQ:NTIC opened at $12.06 on Monday. The stock has a 50-day simple moving average of $13.47 and a 200 day simple moving average of $13.03. Northern Technologies International has a 52-week low of $11.70 and a 52-week high of $19.63. The company has a market cap of $114.21 million, a PE ratio of 23.19 and a beta of 0.62.

Northern Technologies International (NASDAQ:NTIC – Get Free Report) last issued its quarterly earnings results on Wednesday, January 8th. The specialty chemicals company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.05). Northern Technologies International had a return on equity of 7.48% and a net margin of 5.89%. On average, research analysts predict that Northern Technologies International will post 0.56 earnings per share for the current fiscal year.

Northern Technologies International Company Profile

(Get Free Report)

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.