Kronos Worldwide, Inc. (NYSE:KRO) Declares Quarterly Dividend of $0.05

Kronos Worldwide, Inc. (NYSE:KRO) announced a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Investors of record on Friday, November 29th will be paid a dividend of 0.05 per share by the specialty chemicals company on Thursday, December 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, November 29th.

Kronos Worldwide has raised its dividend by an average of 1.8% per year over the last three years. Kronos Worldwide has a payout ratio of 20.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kronos Worldwide to earn $1.40 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 14.3%.

Kronos Worldwide Trading Down 1.8 %

Shares of Kronos Worldwide stock opened at $11.48 on Wednesday. The stock has a market capitalization of $1.32 billion, a P/E ratio of 14.17 and a beta of 1.16. The company has a quick ratio of 1.30, a current ratio of 2.68 and a debt-to-equity ratio of 0.56. The company has a 50-day simple moving average of $11.83 and a 200 day simple moving average of $12.10. Kronos Worldwide has a 12-month low of $8.26 and a 12-month high of $14.50.

Analysts Set New Price Targets

Separately, Barclays increased their target price on shares of Kronos Worldwide from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.00.

Kronos Worldwide Company Profile

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