Minerals Technologies Inc. (NYSE:MTX – Get Free Report) declared a quarterly dividend on Wednesday, January 22nd,RTT News reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.11 per share by the basic materials company on Friday, March 7th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.57%.
Minerals Technologies has increased its dividend payment by an average of 27.0% annually over the last three years. Minerals Technologies has a payout ratio of 5.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Minerals Technologies to earn $6.83 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 6.4%.
Minerals Technologies Trading Up 1.2 %
Shares of Minerals Technologies stock opened at $77.05 on Wednesday. The company has a market capitalization of $2.46 billion, a P/E ratio of 16.33 and a beta of 1.31. The stock has a fifty day simple moving average of $78.31 and a 200 day simple moving average of $77.50. Minerals Technologies has a 12-month low of $64.91 and a 12-month high of $90.29. The company has a current ratio of 2.46, a quick ratio of 1.72 and a debt-to-equity ratio of 0.51.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on MTX
About Minerals Technologies
Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.
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