NL Industries, Inc. (NL) To Go Ex-Dividend on September 3rd

NL Industries, Inc. (NYSE:NL) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Thursday, September 3rd will be paid a dividend of 0.10 per share by the basic materials company on Tuesday, September 22nd. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Thursday, September 3rd.

NL Industries has raised its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. NL Industries has a payout ratio of 46.0% meaning its dividend is sufficiently covered by earnings.

NL Industries Trading Down 0.1%

NL opened at $6.72 on Tuesday. The company’s 50 day moving average is $6.14 and its 200 day moving average is $6.13. The company has a market cap of $328.61 million, a price-to-earnings ratio of -12.92 and a beta of 0.22. NL Industries has a 12-month low of $5.04 and a 12-month high of $8.60.

NL Industries (NYSE:NL) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). NL Industries had a negative net margin of 15.75% and a negative return on equity of 6.67%. The business had revenue of $43.61 million for the quarter, compared to analysts’ expectations of $43.61 million.

Institutional Investors Weigh In On NL Industries

A number of institutional investors have recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co lifted its position in shares of NL Industries by 80.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 5,985 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 2,667 shares in the last quarter. Strs Ohio purchased a new position in NL Industries in the 1st quarter worth approximately $35,000. Wells Fargo & Company MN lifted its holdings in NL Industries by 34.3% in the 4th quarter. Wells Fargo & Company MN now owns 9,445 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 2,413 shares in the last quarter. NewEdge Advisors LLC bought a new position in NL Industries in the 4th quarter worth approximately $57,000. Finally, Money Concepts Capital Corp bought a new position in NL Industries in the 1st quarter worth approximately $92,000. Hedge funds and other institutional investors own 10.67% of the company’s stock.

NL Industries Company Profile

NL Industries, Inc is a U.S.-based industrial minerals company whose primary focus is the mining, upgrading and marketing of titanium feedstocks. The company’s products include synthetic rutile and chloride slag, which serve as key raw materials for producers of titanium dioxide pigment. These pigments are widely used as whitening and opacifying agents in coatings, plastics, paper and specialty applications.

NL Industries serves a global customer base, supplying feedstocks under long-term agreements and through spot transactions.