Minerals Technologies Inc. (NYSE:MTX – Get Free Report) declared a dividend on Wednesday, October 16th, NASDAQ reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.11 per share by the basic materials company on Thursday, December 5th. The ex-dividend date of this dividend is Thursday, October 31st.
Minerals Technologies has raised its dividend payment by an average of 7.7% per year over the last three years. Minerals Technologies has a payout ratio of 5.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Minerals Technologies to earn $7.03 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 5.7%.
Minerals Technologies Stock Performance
NYSE:MTX traded up $2.31 during trading hours on Thursday, reaching $80.62. The stock had a trading volume of 269,178 shares, compared to its average volume of 160,673. Minerals Technologies has a 12-month low of $49.83 and a 12-month high of $90.29. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.72 and a current ratio of 2.46. The stock has a 50 day simple moving average of $74.39 and a 200 day simple moving average of $78.04. The stock has a market cap of $2.60 billion, a P/E ratio of 27.62 and a beta of 1.30.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Minerals Technologies from a “hold” rating to a “buy” rating in a report on Friday, October 11th.
Get Our Latest Stock Report on Minerals Technologies
About Minerals Technologies
Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.
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