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

Valhi, Inc. (NYSE:VHI) announced a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be given 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 dividend yield of 0.78%. The ex-dividend date is Friday, November 29th.

Valhi has decreased its dividend by an average of 12.6% per year over the last three years. Valhi has a payout ratio of 9.9% meaning its dividend is sufficiently covered by earnings.

Valhi Stock Performance

NYSE:VHI opened at $41.29 on Friday. Valhi has a 52-week low of $11.38 and a 52-week high of $41.75. The business’s fifty day moving average is $32.90 and its 200 day moving average is $23.81. 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 cap of $1.17 billion, a price-to-earnings ratio of 45.88 and a beta of 1.29.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays boosted their target price on Valhi from $11.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 25th. StockNews.com upgraded Valhi from a “buy” rating to a “strong-buy” rating in a report 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.