NL Industries, Inc. (NYSE:NL) Announces Quarterly Dividend of $0.08

NL Industries, Inc. (NYSE:NL) declared a quarterly dividend on Thursday, October 31st, NASDAQ reports. Investors of record on Friday, November 29th will be paid a dividend of 0.08 per share by the basic materials company on Tuesday, December 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Friday, November 29th.

NL Industries has increased its dividend by an average of 20.5% per year over the last three years. NL Industries has a payout ratio of 37.2% meaning its dividend is sufficiently covered by earnings.

NL Industries Price Performance

Shares of NL opened at $7.72 on Friday. The firm has a fifty day moving average price of $7.25 and a 200 day moving average price of $6.97. The stock has a market cap of $377.12 million, a PE ratio of 16.78 and a beta of 0.51. NL Industries has a 1-year low of $4.46 and a 1-year high of $8.93.

NL Industries (NYSE:NL) last posted its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.16 EPS for the quarter. NL Industries had a net margin of 14.10% and a return on equity of 5.68%. The company had revenue of $35.90 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Barclays increased their price objective on NL Industries from $5.00 to $6.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 25th.

About NL Industries

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally. The company manufactures and sells mechanical and electronic cabinet locks and other locking mechanisms, including disc tumbler locks; pin tumbler locking mechanisms under KeSet, System 64, TuBar, and Turbine brands; and electronic locks under CompX eLock and StealthLock brands for use in various applications, such as mailboxes, ignition systems, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electronic circuit panels, storage compartments, gas station security, vending and cash containment machines.