Tronox Holdings PLC Announces Quarterly Dividend of $0.05 (NYSE:TROX)

Tronox Holdings PLC (NYSE:TROX) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Monday, August 10th will be paid a dividend of 0.05 per share on Friday, October 9th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, August 10th.

Tronox has raised its dividend by an average of 0.0%annually over the last three years. Tronox has a dividend payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Tronox to earn ($0.21) per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of -95.2%.

Tronox Price Performance

Shares of NYSE TROX traded down $0.09 during mid-day trading on Wednesday, reaching $6.07. The company’s stock had a trading volume of 2,765,135 shares, compared to its average volume of 3,353,442. The stock has a 50-day moving average of $6.96 and a two-hundred day moving average of $7.54. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.66 and a current ratio of 2.42. The stock has a market capitalization of $967.49 million, a P/E ratio of -2.08 and a beta of 0.80. Tronox has a 1-year low of $2.86 and a 1-year high of $10.59.

Tronox (NYSE:TROX) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.07). Tronox had a negative return on equity of 19.93% and a negative net margin of 15.82%.The business had revenue of $760.00 million for the quarter, compared to analyst estimates of $751.38 million. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that Tronox will post -1.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Tronox

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC acquired a new position in shares of Tronox in the 1st quarter valued at $1,188,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Tronox by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock valued at $497,000 after buying an additional 3,042 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Tronox by 12.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 366,203 shares of the company’s stock valued at $2,578,000 after buying an additional 41,092 shares during the period. Jane Street Group LLC lifted its position in Tronox by 93.2% in the first quarter. Jane Street Group LLC now owns 118,637 shares of the company’s stock valued at $835,000 after buying an additional 57,237 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new position in Tronox in the second quarter valued at about $79,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Tronox Company Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.