Tronox Holdings plc (NYSE:TROX) Announces Quarterly Dividend of $0.13

Tronox Holdings plc (NYSE:TROX) declared a quarterly dividend on Tuesday, February 18th,RTT News reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.125 per share on Friday, April 4th. This represents a $0.50 annualized dividend and a yield of 6.25%.

Tronox has increased its dividend payment by an average of 11.6% per year over the last three years. Tronox has a dividend payout ratio of 43.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Tronox to earn $1.22 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 41.0%.

Tronox Stock Performance

TROX opened at $8.01 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42. The business’s 50 day moving average is $9.89 and its 200-day moving average is $11.84. Tronox has a twelve month low of $7.72 and a twelve month high of $20.70.

Tronox (NYSE:TROX) last issued its earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.62%. Equities research analysts expect that Tronox will post 0.76 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. BMO Capital Markets cut their price objective on Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, October 29th. Barclays dropped their price objective on Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Truist Financial decreased their target price on shares of Tronox from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday. The Goldman Sachs Group cut their price target on shares of Tronox from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Finally, UBS Group decreased their price objective on shares of Tronox from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $15.57.

Tronox Company Profile

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.