Valhi, Inc. (NYSE:VHI) Shareholders to Collect $0.08 Quarterly Dividend

Valhi, Inc. (NYSE:VHI) announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.08 per share by the basic materials company on Thursday, December 17th. This represents a $0.32 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, November 19th.

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% indicating that its dividend is sufficiently covered by earnings.

Valhi Trading Down 4.8%

Shares of VHI stock opened at $14.47 on Friday. The firm has a market capitalization of $409.93 million, a P/E ratio of -8.09 and a beta of 1.11. The company has a quick ratio of 1.90, a current ratio of 3.37 and a debt-to-equity ratio of 0.42. The stock’s fifty day simple moving average is $15.86 and its 200 day simple moving average is $14.75. Valhi has a twelve month low of $11.44 and a twelve month high of $19.19.

Valhi (NYSE:VHI) last released its quarterly earnings data on Thursday, November 5th. The basic materials company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.21. The company had revenue of $589.00 million during the quarter, compared to the consensus estimate of $605.66 million. Valhi had a negative return on equity of 2.77% and a negative net margin of 2.36%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wall Street Zen raised Valhi to a “buy” rating in a research note on Saturday, September 19th. Weiss Ratings raised Valhi from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Valhi presently has an average rating of “Sell”.

About Valhi

Valhi, Inc is a diversified holding company with interests in chemicals, component products and other industrial businesses. Its operations are conducted primarily through majority-owned subsidiaries, including Kronos Worldwide, Inc, a global producer and marketer of titanium dioxide pigments used to provide whiteness, brightness and opacity in products such as coatings, plastics, paper and inks.

Through CompX International Inc, Valhi also participates in the component-products industry.