Valhi, Inc. (VHI) to Issue Quarterly Dividend of $0.08 on March 28th

Valhi, Inc. (NYSE:VHI) declared a quarterly dividend on Thursday, March 6th, RTT News reports. Investors of record on Monday, March 17th will be paid a dividend of 0.08 per share by the basic materials company on Friday, March 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Monday, March 17th.

Valhi has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings.

Valhi Stock Up 3.4 %

Shares of NYSE:VHI opened at $16.92 on Friday. The company has a current ratio of 2.79, a quick ratio of 1.65 and a debt-to-equity ratio of 0.39. Valhi has a 12 month low of $14.05 and a 12 month high of $41.75. The company has a 50-day moving average price of $20.75 and a 200 day moving average price of $26.45. The company has a market cap of $478.78 million, a price-to-earnings ratio of 5.42 and a beta of 1.19.

Valhi (NYSE:VHI) last announced its quarterly earnings results on Thursday, March 6th. The basic materials company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.20. Valhi had a net margin of 4.29% and a return on equity of 6.90%. The firm had revenue of $480.90 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Valhi from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 11th.

Valhi Company Profile

Valhi, Inc engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally. The company’s Chemicals segment produces and markets titanium dioxide pigments (TiO2), which are white inorganic pigments used in various applications by paint, plastics, decorative laminate, and paper manufacturers.