Kronos Worldwide, Inc. (KRO) To Go Ex-Dividend on November 29th

Kronos Worldwide, Inc. (NYSE:KRO) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.05 per share by the specialty chemicals company on Thursday, December 12th. This represents a $0.20 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Friday, November 29th.

Kronos Worldwide has raised its dividend payment by an average of 1.8% per year over the last three years. Kronos Worldwide has a payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Research 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 Up 0.9 %

Shares of KRO traded up $0.10 during midday trading on Friday, hitting $11.64. The stock had a trading volume of 7,851 shares, compared to its average volume of 222,911. Kronos Worldwide has a fifty-two week low of $6.95 and a fifty-two week high of $14.50. The company has a current ratio of 3.61, a quick ratio of 1.98 and a debt-to-equity ratio of 0.55. The firm has a market cap of $1.34 billion, a P/E ratio of 1,160.00 and a beta of 1.15. The business has a 50-day simple moving average of $11.65 and a two-hundred day simple moving average of $12.09.

Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings data on Wednesday, August 7th. The specialty chemicals company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). The business had revenue of $500.50 million for the quarter, compared to analyst estimates of $504.19 million. Kronos Worldwide had a return on equity of 0.24% and a net margin of 0.11%. As a group, equities analysts forecast that Kronos Worldwide will post 0.88 EPS for the current year.

Analyst Upgrades and Downgrades

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

About Kronos Worldwide

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.