Valhi, Inc. (NYSE:VHI) to Issue $0.08 Quarterly Dividend

Valhi, Inc. (NYSE:VHI) announced a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Investors of record on Friday, November 29th will be paid 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 1.22%. The ex-dividend date is Friday, November 29th.

Valhi has decreased its dividend by an average of 12.6% annually over the last three years. Valhi has a dividend payout ratio of 9.9% meaning its dividend is sufficiently covered by earnings.

Valhi Price Performance

Shares of VHI stock opened at $26.15 on Thursday. The company has a market capitalization of $740.05 million, a P/E ratio of 8.38 and a beta of 1.29. The company’s 50-day simple moving average is $32.64 and its two-hundred day simple moving average is $24.94. Valhi has a one year low of $12.12 and a one year high of $41.75. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.79 and a quick ratio of 1.65.

Wall Street Analysts Forecast Growth

Several research firms have commented on VHI. StockNews.com downgraded Valhi from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th. Barclays raised their target price on shares of Valhi from $11.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, September 25th.

About Valhi

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.