NL Industries, Inc. (NL) to Issue Quarterly Dividend of $0.43 on September 24th

NL Industries, Inc. (NYSE:NL) announced a quarterly dividend on Wednesday, August 7th, NASDAQ reports. Shareholders of record on Friday, September 6th will be given a dividend of 0.43 per share by the basic materials company on Tuesday, September 24th. This represents a $1.72 dividend on an annualized basis and a yield of 26.42%. The ex-dividend date of this dividend is Friday, September 6th.

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

NL Industries Stock Performance

NYSE NL opened at $6.51 on Wednesday. NL Industries has a fifty-two week low of $4.46 and a fifty-two week high of $8.93. The stock’s fifty day moving average is $6.24 and its two-hundred day moving average is $6.76. The firm has a market capitalization of $317.90 million, a P/E ratio of 27.13 and a beta of 0.55.

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

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.