NL Industries, Inc. (NYSE:NL) Declares $0.08 Quarterly Dividend

NL Industries, Inc. (NYSE:NL) declared a quarterly dividend on Thursday, October 31st, NASDAQ reports. Investors of record on Friday, November 29th will be paid a dividend of 0.08 per share by the basic materials company on Tuesday, December 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Friday, November 29th.

NL Industries has raised its dividend payment by an average of 20.5% per year over the last three years. NL Industries has a dividend payout ratio of 37.2% meaning its dividend is sufficiently covered by earnings.

NL Industries Stock Up 3.1 %

NYSE NL traded up $0.23 during trading on Friday, hitting $7.72. The company’s stock had a trading volume of 12,785 shares, compared to its average volume of 33,212. The firm has a market cap of $377.12 million, a P/E ratio of 16.78 and a beta of 0.51. The firm has a 50 day moving average price of $7.25 and a 200 day moving average price of $6.97. NL Industries has a 52 week low of $4.46 and a 52 week high of $8.93.

NL Industries (NYSE:NL) last issued its earnings results on Wednesday, August 7th. The basic materials company reported $0.16 EPS for the quarter. The firm had revenue of $35.90 million during the quarter. NL Industries had a return on equity of 5.68% and a net margin of 14.10%.

Wall Street Analysts Forecast Growth

Separately, Barclays increased their target price on NL Industries from $5.00 to $6.00 and gave the stock an “underweight” rating in a report on Wednesday, September 25th.

NL Industries Company Profile

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally. The company manufactures and sells mechanical and electronic cabinet locks and other locking mechanisms, including disc tumbler locks; pin tumbler locking mechanisms under KeSet, System 64, TuBar, and Turbine brands; and electronic locks under CompX eLock and StealthLock brands for use in various applications, such as mailboxes, ignition systems, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electronic circuit panels, storage compartments, gas station security, vending and cash containment machines.