Minerals Technologies Inc. (NYSE:MTX) Announces Quarterly Dividend of $0.11

Minerals Technologies Inc. (NYSE:MTX) declared a quarterly dividend on Wednesday, January 22nd,RTT News reports. Investors of record on Friday, February 14th will be paid a dividend of 0.11 per share by the basic materials company on Friday, March 7th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.58%.

Minerals Technologies has increased its dividend payment by an average of 27.0% annually over the last three years. Minerals Technologies has a dividend payout ratio of 5.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Minerals Technologies to earn $6.83 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 6.4%.

Minerals Technologies Trading Down 1.0 %

MTX opened at $76.30 on Thursday. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 16.17 and a beta of 1.31. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.51. Minerals Technologies has a twelve month low of $64.91 and a twelve month high of $90.29. The company has a 50-day simple moving average of $78.24 and a 200 day simple moving average of $77.47.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

About Minerals Technologies

Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.