Northern Technologies International Co. (NASDAQ:NTIC) Plans Quarterly Dividend of $0.07

Northern Technologies International Co. (NASDAQ:NTIC) declared a quarterly dividend on Thursday, January 16th,Wall Street Journal reports. Shareholders of record on Wednesday, January 29th will be given a dividend of 0.07 per share by the specialty chemicals company on Wednesday, February 12th. This represents a $0.28 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Wednesday, January 29th.

Northern Technologies International has raised its dividend payment by an average of 1.9% per year over the last three years. Northern Technologies International has a payout ratio of 31.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Northern Technologies International to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 31.1%.

Northern Technologies International Stock Down 0.4 %

Shares of Northern Technologies International stock traded down $0.05 during trading on Thursday, hitting $12.99. 64,719 shares of the company were exchanged, compared to its average volume of 29,123. The stock has a market capitalization of $123.02 million, a price-to-earnings ratio of 24.98 and a beta of 0.62. Northern Technologies International has a fifty-two week low of $11.70 and a fifty-two week high of $19.63. The firm has a 50 day moving average price of $13.57 and a 200 day moving average price of $13.23.

Northern Technologies International (NASDAQ:NTIC) last announced its quarterly earnings data on Wednesday, January 8th. The specialty chemicals company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). Northern Technologies International had a net margin of 5.89% and a return on equity of 7.51%. Analysts predict that Northern Technologies International will post 0.7 earnings per share for the current year.

About Northern Technologies International

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.