NL Industries, Inc. Announces Quarterly Dividend of $0.08 (NYSE:NL)

NL Industries, Inc. (NYSE:NL - Get Free Report) declared a quarterly dividend on Thursday, October 31st, NASDAQ reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.08 per share by the basic materials company on Tuesday, December 17th. This represents a $0.32 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Friday, November 29th.

NL Industries has raised its dividend payment by an average of 20.5% per year over the last three years. NL Industries has a payout ratio of 37.2% indicating that its dividend is sufficiently covered by earnings.

NL Industries Price Performance

NYSE NL traded up $0.23 during mid-day trading on Friday, reaching $7.72. 12,785 shares of the stock were exchanged, compared to its average volume of 33,212. The stock has a market cap of $377.12 million, a P/E ratio of 16.78 and a beta of 0.51. NL Industries has a one year low of $4.46 and a one year high of $8.93. The stock has a 50 day simple moving average of $7.25 and a 200-day simple moving average of $6.97.

NL Industries (NYSE:NL - Get Free Report) last released its earnings results on Wednesday, August 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter. NL Industries had a return on equity of 5.68% and a net margin of 14.10%. The company had revenue of $35.90 million during the quarter.

Analyst Ratings Changes

Separately, Barclays increased their price objective on NL Industries from $5.00 to $6.00 and gave the stock an "underweight" rating in a research report on Wednesday, September 25th.

About NL Industries

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.

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