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

Valhi, Inc. (NYSE:VHI) declared a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Stockholders 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 dividend yield of 0.77%. The ex-dividend date of this dividend 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% meaning its dividend is sufficiently covered by earnings.

Valhi Stock Performance

Shares of VHI traded up $2.65 during midday trading on Friday, hitting $41.30. 40,074 shares of the stock traded hands, compared to its average volume of 14,751. Valhi has a 1-year low of $11.38 and a 1-year high of $41.75. The firm has a market capitalization of $1.17 billion, a PE ratio of 45.99 and a beta of 1.29. 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 business’s 50 day moving average price is $32.66 and its two-hundred day moving average price is $23.63.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com raised shares of Valhi from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th. Barclays upped their price objective on shares of Valhi from $11.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, September 25th.

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.