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

Kronos Worldwide, Inc. (NYSE:KRO) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 2.24%.

Kronos Worldwide has decreased its dividend by an average of 12.6% per year over the last three years. Kronos Worldwide has a dividend payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. 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 Up 1.2 %

Kronos Worldwide stock traded up $0.11 during trading hours on Wednesday, reaching $8.92. 152,613 shares of the company’s stock traded hands, compared to its average volume of 150,746. The firm’s 50 day moving average is $9.46 and its 200-day moving average is $10.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 2.68. Kronos Worldwide has a fifty-two week low of $8.51 and a fifty-two week high of $14.50. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 11.01 and a beta of 1.14.

Analyst Upgrades and Downgrades

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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kronos Worldwide presently has a consensus rating of “Hold” and an average target price 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.