Valhi, Inc. Plans Quarterly Dividend of $0.08 (NYSE:VHI)

Valhi, Inc. (NYSE:VHI) declared a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.08 per share by the basic materials company on Thursday, December 19th. This represents a $0.32 annualized dividend and a yield of 0.77%. The ex-dividend date is Friday, November 29th.

Valhi has decreased its dividend payment by an average of 12.6% annually over the last three years. Valhi has a payout ratio of 9.9% indicating that its dividend is sufficiently covered by earnings.

Valhi Stock Performance

VHI traded up $2.65 during trading on Friday, hitting $41.30. The stock had a trading volume of 40,074 shares, compared to its average volume of 14,751. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.24 and a current ratio of 3.49. The firm has a market capitalization of $1.17 billion, a P/E ratio of 45.99 and a beta of 1.29. The company’s 50-day moving average price is $32.66 and its 200 day moving average price is $23.63. Valhi has a twelve month low of $11.38 and a twelve month high of $41.75.

Valhi (NYSE:VHI) last posted its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.41. The business had revenue of $559.70 million for the quarter. Valhi had a net margin of 1.27% and a return on equity of 2.02%.

Analyst Ratings Changes

A number of equities research analysts recently commented on VHI shares. Barclays increased their price objective on shares of Valhi from $11.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, September 25th. StockNews.com raised shares of Valhi from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th.

Valhi Company Profile

Valhi, Inc engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally. The company’s Chemicals segment produces and markets titanium dioxide pigments (TiO2), which are white inorganic pigments used in various applications by paint, plastics, decorative laminate, and paper manufacturers.