Valhi, Inc. (NYSE:VHI - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Investors of record on Friday, November 29th will be given a dividend of 0.08 per share by the basic materials company on Thursday, December 19th. This represents a $0.32 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Friday, November 29th.
Valhi has decreased its dividend payment by an average of 12.6% per year over the last three years. Valhi has a dividend payout ratio of 9.9% indicating that its dividend is sufficiently covered by earnings.
Valhi Stock Up 6.9 %
NYSE:VHI traded up $2.65 during mid-day trading on Friday, hitting $41.30. The company had a trading volume of 40,075 shares, compared to its average volume of 14,780. The business has a fifty day simple moving average of $32.90 and a 200-day simple moving average of $23.87. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 45.89 and a beta of 1.29. The company has a current ratio of 3.49, a quick ratio of 2.24 and a debt-to-equity ratio of 0.39. Valhi has a 1 year low of $11.38 and a 1 year high of $41.75.
Valhi (NYSE:VHI - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.41. The firm had revenue of $559.70 million during the quarter. Valhi had a return on equity of 2.02% and a net margin of 1.27%.
Wall Street Analysts Forecast Growth
VHI has been the subject of a number of research analyst reports. Barclays boosted their price target on Valhi from $11.00 to $20.00 and gave the company an "underweight" rating in a report on Wednesday, September 25th. StockNews.com raised Valhi from a "buy" rating to a "strong-buy" rating in a research note on Monday, August 12th.
Read Our Latest Research Report on VHI
About Valhi
(
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Valhi, Inc engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally. The company's Chemicals segment produces and markets titanium dioxide pigments (TiO2), which are white inorganic pigments used in various applications by paint, plastics, decorative laminate, and paper manufacturers.
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