Northern Technologies International Co. to Issue Quarterly Dividend of $0.07 (NASDAQ:NTIC)

Northern Technologies International Co. (NASDAQ:NTIC) announced a quarterly dividend on Thursday, January 16th,Wall Street Journal reports. Investors of record on Wednesday, January 29th will be paid a dividend of 0.07 per share by the specialty chemicals company on Wednesday, February 12th. This represents a $0.28 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Wednesday, January 29th.

Northern Technologies International has increased its dividend by an average of 1.9% per year over the last three years. Northern Technologies International has a payout ratio of 31.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Northern Technologies International to earn $0.90 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 31.1%.

Northern Technologies International Trading Down 0.4 %

NASDAQ:NTIC traded down $0.05 during trading hours on Thursday, hitting $12.99. The stock had a trading volume of 64,719 shares, compared to its average volume of 29,123. The business has a 50 day simple moving average of $13.57 and a two-hundred day simple moving average of $13.23. Northern Technologies International has a 1-year low of $11.70 and a 1-year high of $19.63. The company has a market cap of $123.02 million, a PE ratio of 24.98 and a beta of 0.62.

Northern Technologies International (NASDAQ:NTIC) last announced its earnings results on Wednesday, January 8th. The specialty chemicals company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). Northern Technologies International had a return on equity of 7.51% and a net margin of 5.89%. Research analysts expect that Northern Technologies International will post 0.7 EPS for the current fiscal year.

Northern Technologies International Company Profile

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.