Valhi, Inc. (VHI) To Go Ex-Dividend on November 19th

Valhi, Inc. (NYSE:VHI) declared a quarterly dividend on Thursday, November 5th. Investors of record on Thursday, November 19th will be given a dividend of $0.08 per share by the basic materials company on Thursday, December 17th. This represents a $0.32 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, November 19th.

Valhi has decreased its dividend payment by an average of 0.1% per year over the last three years. Valhi has a dividend payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings.

Valhi Trading Up 13.6%

Valhi stock opened at $16.24 on Friday. Valhi has a one year low of $11.44 and a one year high of $19.19. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.37 and a quick ratio of 1.90. The company has a market cap of $459.92 million, a price-to-earnings ratio of 324.86 and a beta of 1.11. The firm has a 50-day moving average of $15.83 and a 200-day moving average of $14.76.

Valhi (NYSE:VHI) last announced its earnings results on Thursday, November 5th. The basic materials company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.21. The firm had revenue of $589.00 million for the quarter, compared to the consensus estimate of $605.66 million. Valhi had a negative return on equity of 2.77% and a negative net margin of 2.36%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Weiss Ratings upgraded Valhi from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, August 17th. Wall Street Zen raised shares of Valhi from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

About Valhi

Valhi, Inc is a diversified holding company with interests in chemicals, component products and other industrial businesses. Its operations are conducted primarily through majority-owned subsidiaries, including Kronos Worldwide, Inc, a global producer and marketer of titanium dioxide pigments used to provide whiteness, brightness and opacity in products such as coatings, plastics, paper and inks.

Through CompX International Inc, Valhi also participates in the component-products industry.