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

Kronos Worldwide, Inc. (NYSE:KRO) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Investors of record on Tuesday, March 11th will be paid a dividend of 0.05 per share by the specialty chemicals company on Thursday, March 20th. This represents a $0.20 annualized dividend and a yield of 2.24%.

Kronos Worldwide has decreased its dividend by an average of 12.6% annually over the last three years. Kronos Worldwide has a dividend payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kronos Worldwide to earn $1.02 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 19.6%.

Kronos Worldwide Price Performance

Shares of KRO stock opened at $8.92 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.30. The company has a market capitalization of $1.03 billion, a P/E ratio of 11.01 and a beta of 1.14. The company’s 50-day simple moving average is $9.44 and its two-hundred day simple moving average is $10.72. Kronos Worldwide has a one year low of $8.51 and a one year high of $14.50.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. According to MarketBeat, Kronos Worldwide presently has a consensus rating of “Hold” and an average price target 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.