Tronox Holdings plc (NYSE:TROX – Get Free Report) announced a quarterly dividend on Wednesday, August 14th, Wall Street Journal reports. Stockholders of record on Monday, August 26th will be paid a dividend of 0.125 per share on Friday, September 27th. This represents a $0.50 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Monday, August 26th.
Tronox has increased its dividend by an average of 21.3% annually over the last three years. Tronox has a dividend payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tronox to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 38.2%.
Tronox Price Performance
Tronox stock traded up $0.16 during midday trading on Wednesday, reaching $13.43. 604,444 shares of the company were exchanged, compared to its average volume of 1,161,074. The firm’s 50-day simple moving average is $16.48 and its 200-day simple moving average is $16.61. Tronox has a 1 year low of $10.08 and a 1 year high of $20.70. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of -5.95, a P/E/G ratio of 20.56 and a beta of 1.70. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.08 and a current ratio of 2.98.
Analyst Ratings Changes
Several brokerages have weighed in on TROX. UBS Group cut their price target on Tronox from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Mizuho assumed coverage on Tronox in a research note on Friday, June 7th. They issued a “neutral” rating and a $22.00 target price for the company. The Goldman Sachs Group raised their price target on Tronox from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. StockNews.com upgraded Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Finally, BMO Capital Markets increased their target price on Tronox from $19.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.33.
View Our Latest Research Report on Tronox
About Tronox
Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.
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