Minerals Technologies Inc (MTX) Declares $0.05 Quarterly Dividend

Minerals Technologies Inc (NYSE:MTX) announced a quarterly dividend on Tuesday, May 14th, NASDAQ reports. Investors of record on Thursday, May 30th will be given a dividend of 0.05 per share by the basic materials company on Thursday, June 13th. This represents a $0.20 annualized dividend and a yield of 0.35%. The ex-dividend date is Wednesday, May 29th.

Minerals Technologies has a dividend payout ratio of 4.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Minerals Technologies to earn $5.38 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 3.7%.

MTX stock opened at $57.64 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.66 and a current ratio of 2.31. Minerals Technologies has a 12-month low of $47.07 and a 12-month high of $80.80. The stock has a market capitalization of $2.01 billion, a P/E ratio of 11.91, a PEG ratio of 1.64 and a beta of 1.92.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.11. The company had revenue of $437.70 million for the quarter, compared to analysts’ expectations of $447.65 million. Minerals Technologies had a return on equity of 12.52% and a net margin of 9.37%. Minerals Technologies’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.12 EPS. As a group, analysts expect that Minerals Technologies will post 4.97 earnings per share for the current year.

Several brokerages have recently weighed in on MTX. Zacks Investment Research upgraded Minerals Technologies from a “sell” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. cut Minerals Technologies from an “overweight” rating to a “neutral” rating and set a $65.00 target price on the stock. in a report on Wednesday, May 1st. TheStreet upgraded Minerals Technologies from a “c+” rating to a “b-” rating in a report on Thursday, April 25th. Finally, Gabelli restated a “buy” rating on shares of Minerals Technologies in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Minerals Technologies presently has an average rating of “Hold” and an average target price of $65.00.

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Minerals Technologies Company Profile

Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.

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Dividend History for Minerals Technologies (NYSE:MTX)

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