Valhi, Inc. (VHI) To Go Ex-Dividend on September 3rd

Valhi, Inc. (NYSE:VHI) declared a quarterly dividend on Thursday, August 6th. Investors of record on Thursday, September 3rd will be paid a dividend of 0.08 per share by the basic materials company on Thursday, September 24th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 3rd.

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

Valhi Trading Down 3.1%

Shares of NYSE:VHI opened at $15.51 on Friday. The company’s fifty day simple moving average is $14.04 and its 200 day simple moving average is $14.13. Valhi has a 12 month low of $11.44 and a 12 month high of $17.67. The firm has a market cap of $438.93 million, a price-to-earnings ratio of -8.66 and a beta of 0.97. The company has a quick ratio of 1.74, a current ratio of 3.25 and a debt-to-equity ratio of 0.46.

Valhi (NYSE:VHI) last issued its quarterly earnings data on Thursday, August 6th. The basic materials company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.18). Valhi had a negative net margin of 2.36% and a negative return on equity of 2.78%. The firm had revenue of $606.10 million during the quarter, compared to analyst estimates of $606.10 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Valhi in a report on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

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.