Kronos Worldwide, Inc. (KRO) to Issue Quarterly Dividend of $0.18 on December 12th

Kronos Worldwide, Inc. (NYSE:KRO) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Investors of record on Tuesday, December 3rd will be given a dividend of 0.18 per share by the specialty chemicals company on Thursday, December 12th. This represents a $0.72 annualized dividend and a yield of 5.23%. The ex-dividend date is Monday, December 2nd.

Shares of Kronos Worldwide stock opened at $13.77 on Friday. The firm has a fifty day moving average of $13.10 and a two-hundred day moving average of $12.89. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 7.78 and a beta of 2.04. Kronos Worldwide has a 52 week low of $9.65 and a 52 week high of $16.13. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.31 and a current ratio of 5.22.

Kronos Worldwide (NYSE:KRO) last issued its earnings results on Thursday, November 7th. The specialty chemicals company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). The business had revenue of $437.40 million for the quarter, compared to the consensus estimate of $427.54 million. Kronos Worldwide had a net margin of 5.95% and a return on equity of 11.94%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. As a group, research analysts forecast that Kronos Worldwide will post 0.77 EPS for the current fiscal year.

KRO has been the subject of several recent research reports. SunTrust Banks dropped their target price on shares of Kronos Worldwide from $13.00 to $12.00 and set a “hold” rating for the company in a research report on Friday, October 11th. ValuEngine upgraded shares of Kronos Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th.

About Kronos Worldwide

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. It produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.

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Dividend History for Kronos Worldwide (NYSE:KRO)

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