Kronos Worldwide, Inc. (KRO) to Issue Quarterly Dividend of $0.05 on December 12th

Kronos Worldwide, Inc. (NYSE:KRO) announced a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Investors of record on Friday, November 29th will be given a dividend of 0.05 per share by the specialty chemicals company on Thursday, December 12th. This represents a $0.20 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Friday, November 29th.

Kronos Worldwide has increased its dividend by an average of 1.8% annually over the last three years. Kronos Worldwide has a payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kronos Worldwide to earn $1.40 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 14.3%.

Kronos Worldwide Price Performance

Shares of Kronos Worldwide stock opened at $11.48 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.30. Kronos Worldwide has a fifty-two week low of $8.26 and a fifty-two week high of $14.50. The firm has a fifty day moving average price of $11.83 and a two-hundred day moving average price of $12.10. The company has a market cap of $1.32 billion, a PE ratio of 14.17 and a beta of 1.16.

Analyst Upgrades and Downgrades

Separately, Barclays increased their price target on shares of Kronos Worldwide from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $12.00.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.