Valhi, Inc. (VHI) to Distribute Quarterly Dividend of $0.08 on September 24th

Valhi, Inc. (NYSE:VHI) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Thursday, September 3rd will be given a dividend of 0.08 per share by the basic materials company on Thursday, September 24th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, September 3rd.

Valhi has decreased its dividend payment by an average of 0.1%annually over the last three years. Valhi has a payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings.

Valhi Stock Performance

NYSE VHI opened at $18.75 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.90 and a current ratio of 3.37. The stock’s fifty day moving average is $14.97 and its two-hundred day moving average is $14.40. Valhi has a fifty-two week low of $11.44 and a fifty-two week high of $19.19. The firm has a market capitalization of $531 million, a P/E ratio of -10.47 and a beta of 0.97.

Valhi (NYSE:VHI) last posted its quarterly earnings results on Thursday, August 6th. The basic materials company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.18). Valhi had a negative net margin of 2.36% and a negative return on equity of 2.77%. The firm had revenue of $606.10 million during the quarter, compared to analysts’ expectations of $606.10 million.

Institutional Trading of Valhi

Several institutional investors have recently added to or reduced their stakes in VHI. Raymond James Financial Inc. purchased a new position in shares of Valhi during the second quarter worth $31,000. Wells Fargo & Company MN lifted its position in shares of Valhi by 46.1% during the fourth quarter. Wells Fargo & Company MN now owns 2,722 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 859 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Valhi by 133.9% in the second quarter. JPMorgan Chase & Co. now owns 4,867 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 2,786 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Valhi in the fourth quarter valued at approximately $80,000. Finally, Deutsche Bank AG increased its stake in Valhi by 145.0% during the 4th quarter. Deutsche Bank AG now owns 7,006 shares of the basic materials company’s stock worth $84,000 after buying an additional 4,146 shares during the period. Institutional investors and hedge funds own 3.83% of the company’s stock.

Valhi Company Profile

Valhi, Inc is a diversified holding company incorporated in Delaware in 1987 and headquartered in Dallas, Texas. Through its three wholly owned subsidiaries—Kronos Worldwide, CompX International and NL Industries—Valhi participates in the manufacture and distribution of chemical and security products for industrial, commercial and consumer markets.

Kronos Worldwide is a leading independent producer of titanium dioxide pigment, a white powder that enhances brightness and opacity in paints, coatings, plastics, paper and other applications.