Northern Technologies International Co. (NASDAQ:NTIC) Declares $0.07 Quarterly Dividend

Northern Technologies International Co. (NASDAQ:NTIC) declared a quarterly dividend on Wednesday, April 17th, Zacks reports. Stockholders of record on Wednesday, May 1st will be given a dividend of 0.07 per share by the specialty chemicals company on Wednesday, May 15th. This represents a $0.28 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Tuesday, April 30th.

Northern Technologies International has raised its dividend payment by an average of 62.7% annually over the last three years. Northern Technologies International has a payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Northern Technologies International to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 28.0%.

Northern Technologies International Trading Down 0.5 %

Shares of NASDAQ NTIC opened at $17.31 on Friday. The stock has a market cap of $163.23 million, a PE ratio of 33.29 and a beta of 0.73. Northern Technologies International has a 12-month low of $10.08 and a 12-month high of $17.55. The company has a 50-day moving average of $13.99 and a 200 day moving average of $12.76.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Northland Securities upped their price target on Northern Technologies International from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. TheStreet raised Northern Technologies International from a “c+” rating to a “b-” rating in a research note on Tuesday, February 27th. Finally, StockNews.com lowered shares of Northern Technologies International from a “buy” rating to a “hold” rating in a report on Wednesday.

Northern Technologies International Company Profile

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.