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

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 paid a dividend of 0.125 per share on Friday, April 4th. This represents a $0.50 annualized dividend 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% meaning 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 Performance

Shares of NYSE:TROX traded up $0.18 during trading on Tuesday, hitting $8.01. The stock had a trading volume of 2,704,661 shares, compared to its average volume of 1,441,722. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -16.68 and a beta of 1.60. Tronox has a 12-month low of $7.72 and a 12-month high of $20.70. The stock has a 50-day simple moving average of $9.96 and a two-hundred day simple moving average of $11.88. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42.

Tronox (NYSE:TROX) last posted its earnings results on Wednesday, February 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate 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, equities research analysts expect that Tronox will post -0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on TROX shares. Truist Financial dropped their target price on Tronox from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday. UBS Group dropped their target price on Tronox from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Morgan Stanley dropped their target price on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. BMO Capital Markets dropped their price objective on Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group dropped their price objective on Tronox from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.