Tronox Ltd Declares Quarterly Dividend of $0.05 (TROX)

Tronox Ltd (OTCMKTS:TROX) announced a quarterly dividend on Wednesday, November 8th, NASDAQ reports. Shareholders of record on Monday, November 20th will be paid a dividend of 0.045 per share by the basic materials company on Friday, December 1st. This represents a $0.18 annualized dividend and a dividend yield of Infinity. The ex-dividend date of this dividend is Friday, November 17th.

Tronox (OTCMKTS:TROX) last posted its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.15. The company had revenue of $435.00 million for the quarter, compared to analyst estimates of $436.92 million. During the same quarter in the prior year, the business earned ($0.34) EPS. Tronox’s revenue was up 28.3% compared to the same quarter last year.

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Several research analysts have issued reports on TROX shares. UBS AG lifted their price target on shares of Tronox from $17.00 to $18.00 and gave the stock a “sell” rating in a research report on Thursday, November 9th. J P Morgan Chase & Co started coverage on shares of Tronox in a research report on Tuesday, October 24th. They issued an “overweight” rating on the stock. Vertical Research started coverage on shares of Tronox in a research report on Monday, October 23rd. They issued a “buy” rating on the stock. Alembic Global Advisors restated a “buy” rating on shares of Tronox in a research report on Monday, October 23rd. Finally, BidaskClub upgraded shares of Tronox from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.00.

In other Tronox news, SVP Jogita Khilnani sold 5,000 shares of Tronox stock in a transaction on Friday, September 1st. The shares were sold at an average price of $20.78, for a total transaction of $103,900.00. Following the completion of the sale, the senior vice president now owns 29,405 shares of the company’s stock, valued at approximately $611,035.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Niekerk Willem Hendrik Van sold 12,229 shares of Tronox stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $20.70, for a total transaction of $253,140.30. Following the sale, the senior vice president now directly owns 175,528 shares of the company’s stock, valued at approximately $3,633,429.60. The disclosure for this sale can be found here.

Tronox Company Profile

Tronox Limited is engaged in production and marketing of titanium bearing mineral sands and titanium dioxide pigment (TiO2). The Company’s TiO2 products are critical components of everyday applications, such as coatings, plastics, paper and other applications. The Company’s mineral sands business consists primarily of two product streams: titanium feedstock and zircon.

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