Tronox Holdings PLC (NYSE:TROX) Shares Will Pay Quarterly Dividend of $0.05

Tronox Holdings PLC (NYSE:TROX) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Monday, November 16th will be given a dividend of $0.05 per share on Friday, January 15th. This represents a $0.20 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Monday, November 16th.

Tronox has a payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Tronox to earn ($0.49) 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 -40.8%.

Tronox Trading Down 2.2%

Shares of NYSE:TROX opened at $3.38 on Wednesday. The stock has a market capitalization of $540.58 million, a price-to-earnings ratio of -0.98 and a beta of 0.98. Tronox has a 1-year low of $2.86 and a 1-year high of $10.59. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.81 and a current ratio of 2.55. The company has a 50 day moving average price of $4.12 and a 200 day moving average price of $6.59.

Tronox (NYSE:TROX) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.13). The business had revenue of $868.00 million during the quarter, compared to analyst estimates of $832.59 million. Tronox had a negative return on equity of 24.34% and a negative net margin of 17.96%. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.28) EPS. On average, research analysts anticipate that Tronox will post -1.49 EPS for the current fiscal year.

About Tronox

Tronox Holdings plc (NYSE:TROX) is a global producer of titanium dioxide pigment and other titanium products. Its titanium dioxide is used to provide whiteness, brightness and opacity in paints and coatings, plastics, paper, inks and related applications. The company also produces zircon and other mineral sands products used in ceramics, refractories, foundries and industrial applications.

Tronox operates an integrated business that includes the mining of mineral sands, production of titanium-bearing feedstocks, and manufacture of titanium dioxide pigment and specialty products.