Valhi, Inc. Announces Quarterly Dividend of $0.08 (NYSE:VHI)

Valhi, Inc. (NYSE:VHI) announced a quarterly dividend on Thursday, March 6th, RTT News reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.08 per share by the basic materials company on Friday, March 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.95%.

Valhi has a payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings.

Valhi Price Performance

Shares of VHI opened at $16.44 on Friday. Valhi has a twelve month low of $12.90 and a twelve month high of $41.75. The stock’s 50 day moving average is $20.87 and its two-hundred day moving average is $26.52. The firm has a market capitalization of $465.17 million, a PE ratio of 5.27 and a beta of 1.19. The company has a current ratio of 2.79, a quick ratio of 1.65 and a debt-to-equity ratio of 0.39.

Valhi (NYSE:VHI) last posted its earnings results on Thursday, March 6th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.20. The firm had revenue of $480.90 million for the quarter. Valhi had a return on equity of 6.90% and a net margin of 4.29%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Valhi from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 11th.

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.