NL Industries, Inc. (NL) To Go Ex-Dividend on March 10th

NL Industries, Inc. (NYSE:NL) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Tuesday, March 10th will be paid a dividend of 0.10 per share by the basic materials company on Thursday, March 26th. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Tuesday, March 10th. This is a 11.1% increase from NL Industries’s previous quarterly dividend of $0.09.

NL Industries has a dividend payout ratio of 46.0% indicating that its dividend is sufficiently covered by earnings.

NL Industries Stock Up 2.7%

Shares of NL Industries stock opened at $6.10 on Friday. NL Industries has a fifty-two week low of $5.04 and a fifty-two week high of $9.27. The business’s fifty day moving average is $6.07 and its two-hundred day moving average is $5.97. The firm has a market cap of $298.05 million, a PE ratio of 30.50 and a beta of 0.24.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC grew its stake in NL Industries by 70.0% during the third quarter. Segall Bryant & Hamill LLC now owns 93,864 shares of the basic materials company’s stock worth $577,000 after buying an additional 38,640 shares during the period. Jane Street Group LLC purchased a new position in shares of NL Industries in the 2nd quarter valued at $158,000. Bridgeway Capital Management LLC lifted its holdings in shares of NL Industries by 9.6% during the 3rd quarter. Bridgeway Capital Management LLC now owns 276,064 shares of the basic materials company’s stock valued at $1,698,000 after acquiring an additional 24,132 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of NL Industries by 11.0% during the 4th quarter. Empowered Funds LLC now owns 232,131 shares of the basic materials company’s stock valued at $1,270,000 after acquiring an additional 23,029 shares in the last quarter. Finally, Millennium Management LLC boosted its position in NL Industries by 179.0% during the 3rd quarter. Millennium Management LLC now owns 33,077 shares of the basic materials company’s stock worth $203,000 after purchasing an additional 21,223 shares during the period. 10.67% of the stock is owned by institutional investors and hedge funds.

About NL Industries

NL Industries, Inc is a U.S.-based industrial minerals company whose primary focus is the mining, upgrading and marketing of titanium feedstocks. The company’s products include synthetic rutile and chloride slag, which serve as key raw materials for producers of titanium dioxide pigment. These pigments are widely used as whitening and opacifying agents in coatings, plastics, paper and specialty applications.

NL Industries serves a global customer base, supplying feedstocks under long-term agreements and through spot transactions.