Kronos Worldwide, Inc. Plans Quarterly Dividend of $0.17 (KRO)

Kronos Worldwide, Inc. (NYSE:KRO) declared a quarterly dividend on Thursday, October 25th, Wall Street Journal reports. Shareholders of record on Tuesday, December 4th will be paid a dividend of 0.17 per share by the specialty chemicals company on Thursday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date is Monday, December 3rd.

Kronos Worldwide has a dividend payout ratio of 27.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kronos Worldwide to earn $1.08 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 63.0%.

Shares of KRO stock opened at $12.37 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.17 and a current ratio of 4.96. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 5.15, a P/E/G ratio of 0.43 and a beta of 2.38. Kronos Worldwide has a one year low of $12.08 and a one year high of $29.15.

Kronos Worldwide (NYSE:KRO) last issued its earnings results on Wednesday, November 7th. The specialty chemicals company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.49). The company had revenue of $410.30 million during the quarter, compared to the consensus estimate of $467.00 million. Kronos Worldwide had a return on equity of 33.77% and a net margin of 12.94%. Kronos Worldwide’s revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. On average, equities analysts forecast that Kronos Worldwide will post 1.82 EPS for the current fiscal year.

In other Kronos Worldwide news, Vice Chairman Robert D. Graham acquired 10,000 shares of the company’s stock in a transaction dated Friday, November 23rd. The shares were purchased at an average cost of $12.50 per share, for a total transaction of $125,000.00. Following the completion of the purchase, the insider now owns 11,000 shares in the company, valued at $137,500. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.08% of the stock is currently owned by company insiders.

A number of equities analysts have commented on KRO shares. ValuEngine upgraded shares of Kronos Worldwide from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. Zacks Investment Research upgraded shares of Kronos Worldwide from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 13th. Finally, Barclays dropped their target price on shares of Kronos Worldwide from $26.00 to $24.00 and set an “underweight” rating on the stock in a research note on Monday, August 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Kronos Worldwide presently has a consensus rating of “Hold” and a consensus price target of $25.50.

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Kronos Worldwide Company Profile

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. It produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, such as paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, food, and cosmetics.

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Dividend History for Kronos Worldwide (NYSE:KRO)

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