Tronox Holdings plc (NYSE:TROX) to Issue Quarterly Dividend of $0.13

Tronox Holdings plc (NYSE:TROX) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders of record on Monday, May 20th will be given a dividend of 0.125 per share on Friday, June 21st. This represents a $0.50 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, May 17th.

Tronox has raised its dividend by an average of 21.3% per year over the last three years. Tronox has a dividend payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Tronox to earn $1.27 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 39.4%.

Tronox Price Performance

Shares of TROX traded down $0.02 during mid-day trading on Wednesday, reaching $19.19. The stock had a trading volume of 405,874 shares, compared to its average volume of 1,174,263. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of -8.62, a PEG ratio of 25.36 and a beta of 1.91. Tronox has a 12 month low of $10.08 and a 12 month high of $19.75. The business has a fifty day moving average of $16.76 and a 200 day moving average of $14.33. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.09 and a current ratio of 3.12.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Tronox had a negative net margin of 11.93% and a negative return on equity of 2.74%. The company had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $753.98 million. During the same period last year, the business earned $0.15 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Equities analysts predict that Tronox will post 0.6 EPS for the current year.

Wall Street Analysts Forecast Growth

TROX has been the subject of several research reports. UBS Group increased their price objective on shares of Tronox from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. StockNews.com downgraded Tronox from a “hold” rating to a “sell” rating in a research note on Saturday. The Goldman Sachs Group increased their target price on Tronox from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Monday. Finally, BMO Capital Markets boosted their price target on shares of Tronox from $19.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $16.29.

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.