Tronox Holdings plc (NYSE:TROX – Get Free Report) announced a quarterly dividend on Tuesday, August 13th, Wall Street Journal reports. Shareholders of record on Monday, August 26th will be paid a dividend of 0.125 per share on Friday, September 27th. This represents a $0.50 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Monday, August 26th.
Tronox has raised its dividend payment by an average of 21.3% annually over the last three years. Tronox has a dividend payout ratio of 35.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Tronox to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 38.2%.
Tronox Stock Performance
NYSE TROX opened at $14.33 on Friday. The company has a quick ratio of 1.08, a current ratio of 2.98 and a debt-to-equity ratio of 1.44. Tronox has a twelve month low of $10.08 and a twelve month high of $20.70. The business has a 50-day moving average price of $15.54 and a 200-day moving average price of $16.58. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of -6.43, a price-to-earnings-growth ratio of 22.18 and a beta of 1.70.
Analyst Ratings Changes
TROX has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Tronox from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Barclays dropped their price target on Tronox from $22.00 to $19.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. StockNews.com raised Tronox from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. The Goldman Sachs Group increased their target price on Tronox from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, Mizuho assumed coverage on shares of Tronox in a research report on Friday, June 7th. They issued a “neutral” rating and a $22.00 price target on the stock. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.33.
Read Our Latest Research Report on Tronox
About Tronox
Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.
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