NL Industries (NYSE:NL – Get Free Report) announced its earnings results on Thursday. The basic materials company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.13, Zacks reports. The company had revenue of $38.40 million during the quarter. NL Industries had a return on equity of 14.74% and a net margin of 38.69%.
NL Industries Stock Up 5.4 %
Shares of NL stock opened at $7.31 on Friday. The business has a 50 day moving average of $7.42 and a two-hundred day moving average of $7.49. NL Industries has a 52 week low of $5.20 and a 52 week high of $9.42. The company has a market cap of $356.83 million, a P/E ratio of 6.09 and a beta of 0.56.
NL Industries Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th will be paid a $0.09 dividend. This is an increase from NL Industries’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Tuesday, March 11th. NL Industries’s payout ratio is presently 26.09%.
NL Industries Company Profile
NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally. The company manufactures and sells mechanical and electronic cabinet locks and other locking mechanisms, including disc tumbler locks; pin tumbler locking mechanisms under KeSet, System 64, TuBar, and Turbine brands; and electronic locks under CompX eLock and StealthLock brands for use in various applications, such as mailboxes, ignition systems, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electronic circuit panels, storage compartments, gas station security, vending and cash containment machines.
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