Northern Technologies International Co. (NASDAQ:NTIC) Plans Quarterly Dividend of $0.07

Northern Technologies International Co. (NASDAQ:NTICGet Rating) declared a quarterly dividend on Friday, April 22nd, Zacks reports. Investors of record on Wednesday, May 4th will be given a dividend of 0.07 per share by the specialty chemicals company on Wednesday, May 18th. This represents a $0.28 annualized dividend and a yield of 2.45%. The ex-dividend date is Tuesday, May 3rd.

Northern Technologies International has a dividend payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Northern Technologies International to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 28.0%.

NASDAQ NTIC opened at $11.41 on Friday. The business’s 50-day moving average price is $12.41 and its 200 day moving average price is $13.99. Northern Technologies International has a twelve month low of $10.56 and a twelve month high of $21.50. The company has a market capitalization of $105.22 million, a PE ratio of 13.27 and a beta of 1.08.

Northern Technologies International (NASDAQ:NTICGet Rating) last released its earnings results on Thursday, April 7th. The specialty chemicals company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.02). Northern Technologies International had a return on equity of 7.24% and a net margin of 12.73%. During the same period in the previous year, the company earned $0.13 EPS. Sell-side analysts predict that Northern Technologies International will post 0.43 EPS for the current fiscal year.

A hedge fund recently raised its stake in Northern Technologies International stock. Geode Capital Management LLC increased its stake in Northern Technologies International Co. (NASDAQ:NTICGet Rating) by 8.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,636 shares of the specialty chemicals company’s stock after buying an additional 5,046 shares during the quarter. Geode Capital Management LLC owned about 0.68% of Northern Technologies International worth $939,000 as of its most recent filing with the SEC. Institutional investors own 35.40% of the company’s stock.

NTIC has been the topic of several recent analyst reports. Zacks Investment Research downgraded Northern Technologies International from a “hold” rating to a “sell” rating in a research report on Wednesday. Northland Securities dropped their price target on Northern Technologies International from $24.00 to $18.00 in a research note on Friday, April 8th. TheStreet lowered Northern Technologies International from a “b-” rating to a “c+” rating in a research note on Wednesday. Finally, StockNews.com initiated coverage on Northern Technologies International in a research note on Tuesday. They set a “hold” rating for the company.

About Northern Technologies International (Get Rating)

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.

Further Reading

Dividend History for Northern Technologies International (NASDAQ:NTIC)

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