NL Industries, Inc. (NYSE:NL) Declares $0.08 Quarterly Dividend

NL Industries, Inc. (NYSE:NL) announced a quarterly dividend on Thursday, October 31st,NASDAQ Dividends reports. Investors of record on Friday, November 29th will be paid a dividend of 0.08 per share by the basic materials company on Tuesday, December 17th. This represents a $0.32 annualized dividend and a yield of 4.09%. The ex-dividend date is Friday, November 29th.

NL Industries has increased its dividend payment by an average of 20.5% annually over the last three years. NL Industries has a dividend payout ratio of 37.2% indicating that its dividend is sufficiently covered by earnings.

NL Industries Stock Down 3.2 %

NL Industries stock opened at $7.82 on Wednesday. NL Industries has a 52-week low of $4.46 and a 52-week high of $8.93. The firm has a market capitalization of $382.01 million, a price-to-earnings ratio of 6.52 and a beta of 0.51. The company has a fifty day simple moving average of $7.68 and a 200-day simple moving average of $6.94.

Wall Street Analyst Weigh In

Separately, Barclays upped their target price on shares of NL Industries from $5.00 to $6.00 and gave the stock an “underweight” rating in a report on Wednesday, September 25th.

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.