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

NL Industries, Inc. (NYSE:NL) declared a quarterly dividend on Thursday, October 31st,NASDAQ Dividends reports. Shareholders 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 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Friday, November 29th.

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

NL Industries Trading Up 1.9 %

NL stock opened at $7.97 on Thursday. The business’s fifty day moving average price is $7.70 and its 200 day moving average price is $6.94. NL Industries has a 12-month low of $4.46 and a 12-month high of $8.93. The company has a market capitalization of $389.33 million, a PE ratio of 6.64 and a beta of 0.51.

Analyst Ratings Changes

Separately, Barclays boosted their price target on shares of NL Industries from $5.00 to $6.00 and gave the stock an “underweight” rating in a research note 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.