NL Industries, Inc. (NYSE:NL) to Issue $0.43 Dividend

NL Industries, Inc. (NYSE:NL) announced a dividend on Friday, August 16th, investing.com reports. Investors of record on Tuesday, August 20th will be given a dividend of 0.43 per share by the basic materials company on Thursday, August 29th. This represents a yield of 9.78%. The ex-dividend date is Monday, August 19th.

NL Industries has increased its dividend by an average of 20.5% annually over the last three years. NL Industries has a dividend payout ratio of 37.6% indicating that its dividend is sufficiently covered by earnings.

NL Industries Stock Up 3.6 %

NL stock traded up $0.24 during midday trading on Friday, hitting $6.99. 44,458 shares of the company traded hands, compared to its average volume of 35,039. NL Industries has a twelve month low of $4.46 and a twelve month high of $8.93. The stock has a market capitalization of $341.34 million, a price-to-earnings ratio of 29.25 and a beta of 0.55. The business has a 50 day simple moving average of $6.22 and a 200-day simple moving average of $6.62.

NL Industries Company Profile

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.