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

Kronos Worldwide, Inc. (NYSE:KRO - Get Free Report) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.05 per share by the specialty chemicals company on Thursday, December 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Friday, November 29th.

Kronos Worldwide has increased its dividend 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. 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 Stock Performance

Shares of NYSE KRO traded down $0.02 during midday trading on Friday, reaching $11.52. 152,471 shares of the stock were exchanged, compared to its average volume of 223,593. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 1,152.00 and a beta of 1.15. Kronos Worldwide has a twelve month low of $6.95 and a twelve month high of $14.50. The firm has a 50-day simple moving average of $11.65 and a two-hundred day simple moving average of $12.09. The company has a quick ratio of 1.98, a current ratio of 3.61 and a debt-to-equity ratio of 0.55.

Kronos Worldwide (NYSE:KRO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The specialty chemicals company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.04). The firm had revenue of $500.50 million for the quarter, compared to analyst estimates of $504.19 million. Kronos Worldwide had a return on equity of 0.24% and a net margin of 0.11%. As a group, analysts anticipate that Kronos Worldwide will post 0.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barclays increased their target price on Kronos Worldwide from $9.00 to $10.00 and gave the company an "underweight" rating in a research report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. According to MarketBeat.com, Kronos Worldwide has an average 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.