NL Industries, Inc. (NYSE:NL - Get Free Report) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Investors of record on Tuesday, March 11th will be paid 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 yield of 5.39%. The ex-dividend date of this dividend is Tuesday, March 11th. This is an increase from NL Industries's previous quarterly dividend of $0.08.
NL Industries has increased its dividend by an average of 10.1% annually 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 Industries stock traded down $0.19 during trading on Monday, reaching $6.69. 21,966 shares of the company's stock were exchanged, compared to its average volume of 28,289. The company's 50-day moving average is $7.52 and its two-hundred day moving average is $7.50. NL Industries has a 52-week low of $5.18 and a 52-week high of $9.42. The firm has a market cap of $326.55 million, a price-to-earnings ratio of 5.57 and a beta of 0.52.
NL Industries Company Profile
(
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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.
Further Reading
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