Kronos Worldwide, Inc. to Issue Quarterly Dividend of $0.18 (KRO)

Kronos Worldwide, Inc. (NYSE:KRO) declared a quarterly dividend on Thursday, May 16th, Wall Street Journal reports. Investors of record on Tuesday, June 4th will be given a dividend of 0.18 per share by the specialty chemicals company on Thursday, June 13th. This represents a $0.72 annualized dividend and a yield of 5.38%. The ex-dividend date is Monday, June 3rd.

Kronos Worldwide has raised its dividend by an average of 4.3% per year over the last three years. Kronos Worldwide has a payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kronos Worldwide to earn $1.48 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 48.6%.

Shares of KRO stock opened at $13.39 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.93 and a current ratio of 4.99. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 7.56, a P/E/G ratio of 0.75 and a beta of 1.96. Kronos Worldwide has a 52 week low of $10.51 and a 52 week high of $25.95.

Kronos Worldwide (NYSE:KRO) last announced its earnings results on Monday, March 11th. The specialty chemicals company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $349.40 million for the quarter, compared to analyst estimates of $378.00 million. Kronos Worldwide had a return on equity of 19.26% and a net margin of 9.87%. On average, analysts forecast that Kronos Worldwide will post 1.13 EPS for the current year.

An institutional investor recently raised its position in Kronos Worldwide stock. Geode Capital Management LLC boosted its stake in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 5.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 240,081 shares of the specialty chemicals company’s stock after buying an additional 11,864 shares during the period. Geode Capital Management LLC owned approximately 0.21% of Kronos Worldwide worth $2,764,000 as of its most recent filing with the SEC. 20.51% of the stock is currently owned by institutional investors.

Separately, ValuEngine downgraded shares of Kronos Worldwide from a “hold” rating to a “sell” rating in a report on Tuesday, March 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.33.

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Kronos Worldwide Company Profile

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. It 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.

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Dividend History for Kronos Worldwide (NYSE:KRO)

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