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

Northern Technologies International Co. (NASDAQ:NTIC) declared a quarterly dividend on Wednesday, January 15th,Wall Street Journal reports. Investors of record on Wednesday, January 29th will be paid 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 yield of 2.17%. The ex-dividend date is Wednesday, January 29th.

Northern Technologies International has increased its dividend by an average of 1.9% annually over the last three years. Northern Technologies International has a 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 Price Performance

NTIC stock traded down $0.09 during mid-day trading on Friday, hitting $12.90. 11,152 shares of the stock were exchanged, compared to its average volume of 27,505. The business has a fifty day moving average price of $13.56 and a 200 day moving average price of $13.23. Northern Technologies International has a 12 month low of $11.70 and a 12 month high of $19.63. The stock has a market capitalization of $122.16 million, a price-to-earnings ratio of 24.81 and a beta of 0.62.

Northern Technologies International (NASDAQ:NTIC) last issued its quarterly earnings results on Wednesday, January 8th. The specialty chemicals company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). Northern Technologies International had a net margin of 5.89% and a return on equity of 7.51%. As a group, equities analysts forecast that Northern Technologies International will post 0.7 EPS for the current fiscal year.

About Northern Technologies International

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.