Tronox Holdings plc (NYSE:TROX) Plans Quarterly Dividend of $0.13

Tronox Holdings plc (NYSE:TROX) declared a quarterly dividend on Tuesday, February 18th,RTT News reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.125 per share on Friday, April 4th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.25%.

Tronox has increased its dividend payment by an average of 11.6% per year over the last three years. Tronox has a dividend payout ratio of 43.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tronox to earn $0.76 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 65.8%.

Tronox Stock Up 2.2 %

Shares of TROX traded up $0.18 during midday trading on Tuesday, reaching $8.01. 2,704,661 shares of the stock were exchanged, compared to its average volume of 1,441,722. Tronox has a 52 week low of $7.72 and a 52 week high of $20.70. The company has a current ratio of 2.72, a quick ratio of 0.90 and a debt-to-equity ratio of 1.42. The company’s 50 day moving average is $9.96 and its two-hundred day moving average is $11.88. The company has a market capitalization of $1.26 billion, a P/E ratio of -16.68 and a beta of 1.60.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. On average, sell-side analysts anticipate that Tronox will post -0.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Morgan Stanley decreased their price objective on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Barclays decreased their price objective on Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. The Goldman Sachs Group decreased their price target on Tronox from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. BMO Capital Markets decreased their price target on Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, October 29th. Finally, UBS Group decreased their price target on Tronox from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.57.

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.