Valhi, Inc. (VHI) to Issue Quarterly Dividend of $0.08 on December 18th

Valhi, Inc. (NYSE:VHI) announced a quarterly dividend on Thursday, November 6th. Shareholders of record on Friday, November 21st will be paid a dividend of 0.08 per share by the basic materials company on Thursday, December 18th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, November 21st.

Valhi has decreased its dividend by an average of 0.2%per year over the last three years. Valhi has a payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings.

Valhi Price Performance

NYSE:VHI opened at $12.29 on Wednesday. The firm has a market capitalization of $347.69 million, a price-to-earnings ratio of 3.58 and a beta of 1.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.83 and a quick ratio of 1.35. The business has a 50 day simple moving average of $14.81 and a 200-day simple moving average of $15.89. Valhi has a 1 year low of $12.00 and a 1 year high of $27.91.

Valhi (NYSE:VHI) last issued its quarterly earnings results on Thursday, November 6th. The basic materials company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($1.16). Valhi had a return on equity of 7.02% and a net margin of 4.69%.The company had revenue of $503.50 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Valhi in a report on Thursday, November 13th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell” and an average price target of $12.00.

About Valhi

Valhi, Inc engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally. The company’s Chemicals segment produces and markets titanium dioxide pigments (TiO2), which are white inorganic pigments used in various applications by paint, plastics, decorative laminate, and paper manufacturers.