Northern Technologies International Co. (NASDAQ:NTIC – Get Free Report) announced a quarterly dividend on Wednesday, July 17th, Zacks reports. Investors of record on Wednesday, July 31st will be given a dividend of 0.07 per share by the specialty chemicals company on Wednesday, August 14th. This represents a $0.28 annualized dividend and a yield of 2.06%. The ex-dividend date is Wednesday, July 31st.
Northern Technologies International has raised its dividend by an average of 62.7% annually over the last three years. Northern Technologies International has a dividend payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Northern Technologies International to earn $0.80 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 35.0%.
Northern Technologies International Stock Up 1.2 %
Shares of NASDAQ NTIC opened at $13.62 on Monday. The firm has a market capitalization of $128.57 million, a P/E ratio of 29.61 and a beta of 0.62. The stock’s 50-day simple moving average is $16.35 and its two-hundred day simple moving average is $15.05. Northern Technologies International has a twelve month low of $10.08 and a twelve month high of $19.63.
Wall Street Analyst Weigh In
NTIC has been the topic of several recent research reports. Northland Securities restated an “outperform” rating and set a $20.00 price target on shares of Northern Technologies International in a research report on Friday, July 12th. StockNews.com cut shares of Northern Technologies International from a “buy” rating to a “hold” rating in a report on Thursday, July 11th.
Read Our Latest Analysis on NTIC
About Northern Technologies International
Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.
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