Kronos Worldwide, Inc. Announces Quarterly Dividend of $0.19 (NYSE:KRO)

Kronos Worldwide, Inc. (NYSE:KROGet Rating) announced a quarterly dividend on Wednesday, May 18th, Zacks reports. Shareholders of record on Monday, June 6th will be given a dividend of 0.19 per share by the specialty chemicals company on Thursday, June 16th. This represents a $0.76 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Friday, June 3rd.

Kronos Worldwide has raised its dividend by an average of 1.9% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Kronos Worldwide has a payout ratio of 46.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Kronos Worldwide to earn $1.36 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 55.9%.

KRO opened at $18.02 on Friday. The business’s 50-day moving average price is $15.70 and its two-hundred day moving average price is $14.94. Kronos Worldwide has a 1 year low of $12.06 and a 1 year high of $18.31. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 13.76 and a beta of 1.13. The company has a debt-to-equity ratio of 0.53, a current ratio of 4.55 and a quick ratio of 2.90.

Kronos Worldwide (NYSE:KROGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The specialty chemicals company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.22. Kronos Worldwide had a return on equity of 17.65% and a net margin of 7.40%. The firm had revenue of $562.90 million for the quarter, compared to the consensus estimate of $504.02 million. Sell-side analysts anticipate that Kronos Worldwide will post 1.28 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on KRO shares. Zacks Investment Research upgraded Kronos Worldwide from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Friday, March 25th. Deutsche Bank Aktiengesellschaft raised their price objective on Kronos Worldwide from $18.00 to $20.00 in a report on Thursday. Finally, StockNews.com started coverage on Kronos Worldwide in a report on Thursday, March 31st. They issued a “strong-buy” rating for the company.

A number of institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. grew its holdings in Kronos Worldwide by 1.1% during the first quarter. Advisors Asset Management Inc. now owns 904,323 shares of the specialty chemicals company’s stock worth $14,035,000 after purchasing an additional 9,796 shares during the period. Invesco Ltd. grew its holdings in Kronos Worldwide by 2.7% during the first quarter. Invesco Ltd. now owns 56,836 shares of the specialty chemicals company’s stock worth $881,000 after purchasing an additional 1,518 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Kronos Worldwide by 3.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 160,013 shares of the specialty chemicals company’s stock worth $2,484,000 after purchasing an additional 5,253 shares during the period. Vanguard Group Inc. grew its holdings in Kronos Worldwide by 2.9% during the first quarter. Vanguard Group Inc. now owns 2,265,641 shares of the specialty chemicals company’s stock worth $35,161,000 after purchasing an additional 63,844 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Kronos Worldwide by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,163,663 shares of the specialty chemicals company’s stock worth $33,581,000 after purchasing an additional 35,980 shares during the period. Institutional investors and hedge funds own 14.82% of the company’s stock.

Kronos Worldwide Company Profile (Get Rating)

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