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

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

Northern Technologies International has a dividend payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Equities 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%.

Shares of NASDAQ:NTIC opened at $11.41 on Friday. Northern Technologies International has a 1 year low of $10.56 and a 1 year high of $21.50. The firm has a market capitalization of $105.22 million, a price-to-earnings ratio of 13.27 and a beta of 1.08. The business’s 50 day moving average price is $12.41 and its 200-day moving average price is $13.99.

Northern Technologies International (NASDAQ:NTICGet Rating) last announced its earnings results on Thursday, April 7th. The specialty chemicals company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Northern Technologies International had a net margin of 12.73% and a return on equity of 7.24%. During the same period in the previous year, the business posted $0.13 EPS. As a group, analysts forecast that Northern Technologies International will post 0.43 earnings per share for the current year.

NTIC has been the topic of a number of research reports. TheStreet lowered Northern Technologies International from a “b-” rating to a “c+” rating in a report on Wednesday. Northland Securities decreased their price objective on Northern Technologies International from $24.00 to $18.00 in a report on Friday, April 8th. StockNews.com initiated coverage on Northern Technologies International in a report on Tuesday. They issued a “hold” rating on the stock. Finally, Zacks Investment Research lowered Northern Technologies International from a “hold” rating to a “sell” rating in a report on Wednesday.

A hedge fund recently raised its stake in Northern Technologies International stock. Geode Capital Management LLC grew its stake in Northern Technologies International Co. (NASDAQ:NTICGet Rating) by 8.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,636 shares of the specialty chemicals company’s stock after acquiring 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 SEC filing. Institutional investors own 35.40% of the company’s stock.

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.

See Also

Dividend History for Northern Technologies International (NASDAQ:NTIC)

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