Minerals Technologies Inc. (NYSE:MTX) Declares Quarterly Dividend of $0.11

Minerals Technologies Inc. (NYSE:MTX) declared a quarterly dividend on Wednesday, October 16th, NASDAQ reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.11 per share by the basic materials company on Thursday, December 5th. This represents a $0.44 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Thursday, October 31st. This is an increase from Minerals Technologies’s previous quarterly dividend of $0.10.

Minerals Technologies has raised its dividend payment by an average of 7.7% annually over the last three years. Minerals Technologies has a dividend payout ratio of 6.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Minerals Technologies to earn $6.99 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 6.3%.

Minerals Technologies Stock Up 0.1 %

MTX stock opened at $76.55 on Tuesday. The firm’s 50-day moving average is $75.28 and its two-hundred day moving average is $78.31. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 26.49 and a beta of 1.30. Minerals Technologies has a 52 week low of $52.94 and a 52 week high of $90.29. The company has a current ratio of 2.46, a quick ratio of 1.72 and a debt-to-equity ratio of 0.51.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Minerals Technologies from a “buy” rating to a “hold” rating in a report on Saturday, October 19th.

About Minerals Technologies

Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.