Minerals Technologies Inc. (NYSE:MTX - Get Free Report) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Shareholders 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 annualized dividend and a yield of 0.58%. The ex-dividend date is Friday, February 14th.
Minerals Technologies has increased its dividend by an average of 27.0% per year over the last three years. Minerals Technologies has a dividend payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance
Shares of MTX traded down $0.57 during trading hours on Thursday, reaching $75.66. 179,952 shares of the company traded hands, compared to its average volume of 146,697. Minerals Technologies has a 12-month low of $64.91 and a 12-month high of $90.29. The stock has a market capitalization of $2.41 billion, a P/E ratio of 16.03 and a beta of 1.31. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.51. The business has a fifty day moving average price of $78.13 and a 200-day moving average price of $77.46.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Minerals Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th.
View Our Latest Analysis on MTX
About Minerals Technologies
(
Get Free Report)
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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