NL Industries, Inc. (NL) to Issue Quarterly Dividend of $0.09 on March 27th

NL Industries, Inc. (NYSE:NL) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders of record on Tuesday, March 11th will be given a dividend of 0.09 per share by the basic materials company on Thursday, March 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date is Tuesday, March 11th. This is a 12.5% increase from NL Industries’s previous quarterly dividend of $0.08.

NL Industries has increased its dividend by an average of 10.1% per year over the last three years. NL Industries has a dividend payout ratio of 39.1% meaning its dividend is sufficiently covered by earnings.

NL Industries Stock Performance

NL stock opened at $7.31 on Friday. NL Industries has a 1 year low of $5.20 and a 1 year high of $9.42. The firm has a market cap of $356.83 million, a P/E ratio of 6.09 and a beta of 0.56. The stock has a 50-day simple moving average of $7.41 and a 200-day simple moving average of $7.50.

NL Industries (NYSE:NL) last issued its quarterly earnings results on Thursday, March 6th. The basic materials company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. The firm had revenue of $38.40 million during the quarter. NL Industries had a return on equity of 14.74% and a net margin of 38.69%.

About NL Industries

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally. The company manufactures and sells mechanical and electronic cabinet locks and other locking mechanisms, including disc tumbler locks; pin tumbler locking mechanisms under KeSet, System 64, TuBar, and Turbine brands; and electronic locks under CompX eLock and StealthLock brands for use in various applications, such as mailboxes, ignition systems, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electronic circuit panels, storage compartments, gas station security, vending and cash containment machines.