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

Kronos Worldwide, Inc. (NYSE:KRO) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Friday, November 29th will be given 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 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 research 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 Trading Up 0.9 %

NYSE KRO traded up $0.10 during trading hours on Friday, hitting $11.64. The company’s stock had a trading volume of 7,851 shares, compared to its average volume of 222,911. Kronos Worldwide has a twelve month low of $6.95 and a twelve month high of $14.50. The company has a quick ratio of 1.98, a current ratio of 3.61 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $1.34 billion, a P/E ratio of 1,160.00 and a beta of 1.15. The stock has a fifty day moving average of $11.65 and a 200 day moving average of $12.09.

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

Analyst Upgrades and Downgrades

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