Tronox Holdings plc (NYSE:TROX) to Issue $0.13 Quarterly Dividend

Tronox Holdings plc (NYSE:TROX - Get Free Report) declared a quarterly dividend on Tuesday, February 18th, RTT News reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.125 per share on Friday, April 4th. This represents a $0.50 annualized dividend and a dividend yield of 6.37%. The ex-dividend date of this dividend is Monday, March 3rd.

Tronox has raised its dividend payment by an average of 11.6% annually over the last three years. Tronox has a dividend payout ratio of 46.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Tronox to earn $0.96 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 52.1%.

Tronox Price Performance

Shares of Tronox stock traded down $0.23 on Friday, hitting $7.86. The company's stock had a trading volume of 2,255,682 shares, compared to its average volume of 1,725,850. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47. Tronox has a 1 year low of $7.72 and a 1 year high of $20.70. The firm has a fifty day moving average price of $9.72 and a 200-day moving average price of $11.75. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -25.34 and a beta of 1.60.

Tronox (NYSE:TROX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. As a group, sell-side analysts anticipate that Tronox will post 0.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TROX shares. The Goldman Sachs Group lowered their price objective on Tronox from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. BMO Capital Markets lowered their price objective on Tronox from $21.00 to $17.00 and set an "outperform" rating on the stock in a report on Tuesday, October 29th. Barclays lowered their price objective on Tronox from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, October 28th. Truist Financial lowered their price objective on Tronox from $17.00 to $14.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, UBS Group lowered their price objective on Tronox from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $15.57.

Tronox Company Profile

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.