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

Kronos Worldwide, Inc. (NYSE:KRO) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders of record on Tuesday, March 11th will be given a dividend of 0.05 per share by the specialty chemicals company on Thursday, March 20th. This represents a $0.20 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Tuesday, March 11th.

Kronos Worldwide has decreased its dividend by an average of 12.6% per year over the last three years. Kronos Worldwide has a payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Kronos Worldwide to earn $1.02 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 19.6%.

Kronos Worldwide Trading Down 1.6 %

KRO opened at $8.78 on Friday. Kronos Worldwide has a 52 week low of $8.51 and a 52 week high of $14.50. The business has a fifty day simple moving average of $9.42 and a 200-day simple moving average of $10.71. The firm has a market cap of $1.01 billion, a P/E ratio of 10.84 and a beta of 1.14. The company has a quick ratio of 1.30, a current ratio of 2.68 and a debt-to-equity ratio of 0.56.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.00.

Kronos Worldwide Company Profile

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.