Titan America SA (NYSE:TTAM) Shareholders Set to Receive $0.04 Quarterly Dividend

Titan America SA (NYSE:TTAM) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, December 18th will be given a dividend of $0.04 per share on Monday, January 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, December 18th.

Titan America Price Performance

Shares of NYSE:TTAM opened at $14.01 on Friday. Titan America has a 1-year low of $12.88 and a 1-year high of $19.57. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.08 and a quick ratio of 1.17. The business has a fifty day moving average price of $14.05 and a 200-day moving average price of $16.06. The company has a market capitalization of $2.58 billion, a PE ratio of 14.59, a PEG ratio of 1.19 and a beta of 1.10.

Titan America (NYSE:TTAM) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.06). The company had revenue of $470.63 million for the quarter. Titan America had a net margin of 10.35% and a return on equity of 17.03%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 earnings per share. As a group, equities analysts expect that Titan America will post 1.06 EPS for the current fiscal year.

About Titan America

Titan America is a building materials company that produces and supplies cement, ready-mix concrete, aggregates and other construction products. Its materials are used in residential, commercial, infrastructure and other construction projects.

The company operates cement manufacturing facilities, distribution terminals, aggregate quarries and ready-mix concrete plants. Its product portfolio also includes concrete masonry products and related materials used by contractors, concrete producers and construction companies.

Titan America serves customers primarily across the eastern and southeastern United States, with operations and distribution capabilities covering markets including Florida, Virginia, the Carolinas, the Mid-Atlantic and the Northeast.