Valhi, Inc. Declares Quarterly Dividend of $0.08 (NYSE:VHI)

Valhi, Inc. (NYSE:VHI) announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Thursday, June 4th will be given a dividend of 0.08 per share by the basic materials company on Thursday, June 25th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Thursday, June 4th.

Valhi has decreased its dividend payment by an average of 0.1%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 Trading Down 1.6%

NYSE VHI opened at $12.64 on Friday. The stock has a market capitalization of $357.71 million, a price-to-earnings ratio of -4.98 and a beta of 0.99. Valhi has a one year low of $11.44 and a one year high of $20.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.25 and a quick ratio of 1.74. The business’s fifty day moving average is $14.02 and its 200-day moving average is $13.65.

Valhi (NYSE:VHI) last released its earnings results on Thursday, May 7th. The basic materials company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.70). The business had revenue of $560.10 million for the quarter, compared to the consensus estimate of $564.20 million. Valhi had a negative return on equity of 4.29% and a negative net margin of 3.45%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VHI. Wall Street Zen upgraded Valhi from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings restated a “sell (d)” rating on shares of Valhi in a research note on Friday, April 10th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell” and an average price target of $12.00.

Valhi Company Profile

Valhi, Inc is a diversified holding company incorporated in Delaware in 1987 and headquartered in Dallas, Texas. Through its three wholly owned subsidiaries—Kronos Worldwide, CompX International and NL Industries—Valhi participates in the manufacture and distribution of chemical and security products for industrial, commercial and consumer markets.

Kronos Worldwide is a leading independent producer of titanium dioxide pigment, a white powder that enhances brightness and opacity in paints, coatings, plastics, paper and other applications.