Kronos Worldwide, Inc. Plans Quarterly Dividend of $0.05 (NYSE:KRO)

Kronos Worldwide, Inc. (NYSE:KRO) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.05 per share by the specialty chemicals company on Thursday, December 12th. This represents a $0.20 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, November 29th.

Kronos Worldwide has increased its dividend payment by an average of 1.8% annually over the last three years. Kronos Worldwide has a payout ratio of 20.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kronos Worldwide to earn $1.40 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 14.3%.

Kronos Worldwide Stock Up 0.5 %

Kronos Worldwide stock traded up $0.06 during trading on Friday, hitting $11.60. 2,755 shares of the company were exchanged, compared to its average volume of 222,887. The company has a current ratio of 3.61, a quick ratio of 1.98 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average is $11.65 and its 200 day moving average is $12.09. Kronos Worldwide has a 52 week low of $6.95 and a 52 week high of $14.50. The company has a market capitalization of $1.33 billion, a P/E ratio of 1,154.00 and a beta of 1.15.

Kronos Worldwide (NYSE:KRO) last announced its earnings results on Wednesday, August 7th. The specialty chemicals company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.04). The firm had revenue of $500.50 million during the quarter, compared to analysts’ expectations of $504.19 million. Kronos Worldwide had a net margin of 0.11% and a return on equity of 0.24%. Analysts predict that Kronos Worldwide will post 0.88 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Barclays upped their price target on Kronos Worldwide from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.00.

About Kronos Worldwide

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.