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

Northern Technologies International Co. (NASDAQ:NTIC) declared a quarterly dividend on Thursday, January 16th,Wall Street Journal reports. Stockholders of record on Wednesday, January 29th will be paid a dividend of 0.07 per share by the specialty chemicals company on Wednesday, February 12th. This represents a $0.28 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Wednesday, January 29th.

Northern Technologies International has increased its dividend payment by an average of 1.9% annually over the last three years. Northern Technologies International has a payout ratio of 31.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Northern Technologies International to earn $0.90 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 31.1%.

Northern Technologies International Trading Down 0.4 %

Shares of NTIC opened at $12.99 on Friday. The company’s 50-day moving average price is $13.56 and its 200 day moving average price is $13.23. Northern Technologies International has a 12-month low of $11.70 and a 12-month high of $19.63. The firm has a market cap of $123.02 million, a P/E ratio of 24.98 and a beta of 0.62.

Northern Technologies International (NASDAQ:NTIC) last released its quarterly earnings results on Wednesday, January 8th. The specialty chemicals company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). Northern Technologies International had a net margin of 5.89% and a return on equity of 7.51%. Equities research analysts forecast that Northern Technologies International will post 0.7 earnings per share for the current year.

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.