Tronox Holdings plc (TROX) to Issue Quarterly Dividend of $0.13 on April 4th

Tronox Holdings plc (NYSE:TROX) announced a quarterly dividend on Tuesday, February 18th, RTT News reports. Stockholders of record on Monday, March 3rd will be paid a dividend of 0.125 per share on Friday, April 4th. This represents a $0.50 annualized dividend and a dividend yield of 6.45%. The ex-dividend date is Monday, March 3rd.

Tronox has raised its dividend payment by an average of 11.6% annually over the last three years. Tronox has a dividend payout ratio of 46.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tronox to earn $0.96 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 52.1%.

Tronox Trading Up 0.1 %

Shares of NYSE TROX opened at $7.75 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47. The business’s 50 day moving average price is $9.53 and its 200-day moving average price is $11.62. Tronox has a fifty-two week low of $7.72 and a fifty-two week high of $20.70. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -25.00 and a beta of 1.60.

Tronox (NYSE:TROX) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. On average, sell-side analysts expect that Tronox will post 0.49 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TROX shares. UBS Group reduced their price target on Tronox from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Truist Financial reduced their price objective on Tronox from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. The Goldman Sachs Group reduced their price objective on Tronox from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday. Finally, Morgan Stanley reduced their price objective on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Tronox has an average rating of “Moderate Buy” and a consensus target price of $15.36.

Tronox Company Profile

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.