Valhi, Inc. (VHI) To Go Ex-Dividend on November 29th

Valhi, Inc. (NYSE:VHI) declared a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.08 per share by the basic materials company on Thursday, December 19th. This represents a $0.32 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Friday, November 29th.

Valhi has decreased its dividend payment by an average of 12.6% annually over the last three years. Valhi has a dividend payout ratio of 9.9% meaning its dividend is sufficiently covered by earnings.

Valhi Trading Up 6.8 %

Shares of Valhi stock opened at $41.29 on Friday. Valhi has a 52-week low of $11.38 and a 52-week high of $41.75. The stock has a market cap of $1.17 billion, a PE ratio of 45.88 and a beta of 1.29. The firm has a 50-day moving average of $32.90 and a 200-day moving average of $23.81. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.24 and a current ratio of 3.49.

Valhi (NYSE:VHI) last announced its earnings results on Thursday, August 8th. The basic materials company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.41. Valhi had a net margin of 1.27% and a return on equity of 2.02%. The firm had revenue of $559.70 million for the quarter.

Analysts Set New Price Targets

VHI has been the subject of a number of recent analyst reports. StockNews.com upgraded Valhi from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. Barclays upped their price objective on shares of Valhi from $11.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 25th.

Valhi Company Profile

Valhi, Inc engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally. The company’s Chemicals segment produces and markets titanium dioxide pigments (TiO2), which are white inorganic pigments used in various applications by paint, plastics, decorative laminate, and paper manufacturers.