Minerals Technologies Inc. (MTX) To Go Ex-Dividend on February 13th

Minerals Technologies Inc. (NYSE:MTX) declared a quarterly dividend on Wednesday, January 21st. Shareholders of record on Friday, February 13th will be given a dividend of 0.12 per share by the basic materials company on Friday, March 6th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, February 13th.

Minerals Technologies has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 2 years. Minerals Technologies has a payout ratio of 7.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Minerals Technologies to earn $7.54 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 6.4%.

Minerals Technologies Price Performance

NYSE:MTX opened at $68.39 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.98 and a debt-to-equity ratio of 0.56. The firm has a market cap of $2.13 billion, a PE ratio of -3,417.99 and a beta of 1.27. Minerals Technologies has a 12 month low of $49.54 and a 12 month high of $78.23. The company’s 50-day moving average price is $61.59 and its two-hundred day moving average price is $60.77.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings data on Thursday, October 23rd. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.08. The firm had revenue of $532.40 million during the quarter, compared to the consensus estimate of $531.20 million. Minerals Technologies had a positive return on equity of 10.69% and a negative net margin of 0.08%.The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS. On average, equities analysts anticipate that Minerals Technologies will post 6.62 EPS for the current fiscal year.

About Minerals Technologies

Minerals Technologies Inc develops, produces and processes a broad range of mineral-based products and solutions that serve a variety of industrial applications. Its offerings include bentonite, perlite, precipitated calcium carbonate (PCC), mineral sands, foundry additives, performance minerals and specialty chemicals designed to enhance performance in markets such as paper, steel, construction, oil and gas, environmental remediation and consumer products.

The company operates through several business segments, including Specialty Minerals, Refractory Minerals, Performance Materials and Recycled Materials.