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

Kronos Worldwide, Inc. (NYSE:KRO) declared a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.05 per share by the specialty chemicals company on Thursday, December 12th. This represents a $0.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Friday, November 29th.

Kronos Worldwide has increased its dividend by an average of 1.8% per year over the last three years. Kronos Worldwide has a payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kronos Worldwide to earn $1.40 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 14.3%.

Kronos Worldwide Stock Down 0.3 %

KRO stock opened at $11.45 on Thursday. The business has a 50-day moving average of $11.83 and a 200-day moving average of $12.09. Kronos Worldwide has a fifty-two week low of $8.26 and a fifty-two week high of $14.50. The stock has a market capitalization of $1.32 billion, a P/E ratio of 14.14 and a beta of 1.16. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.30.

Wall Street Analysts Forecast Growth

Separately, Barclays raised their price target on shares of Kronos Worldwide from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.00.

About Kronos Worldwide

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.