Kronos Worldwide, Inc. (kro) to Issue Quarterly Dividend of $0.15 on June 15th

Kronos Worldwide, Inc. (kro) to Issue Quarterly Dividend of $0.15 on  June 15th

Kronos Worldwide has a dividend payout ratio of 65.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Kronos Worldwide to earn $1.30 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 46.2%.

Kronos Worldwide, Inc. (NYSE:kro) announced a quarterly dividend on Thursday, May 18th. Shareholders of record on Tuesday, June 6th will be given a dividend of 0.15 per share by the specialty chemicals company on Thursday, June 15th. This represents a $0.60 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Friday, June 2nd.

Shares of Kronos Worldwide (KRO) opened at 18.34 on Thursday. Kronos Worldwide has a 12-month low of $4.70 and a 12-month high of $19.96. The firm’s 50-day moving average is $17.82 and its 200-day moving average is $14.57. The company has a market capitalization of $2.13 billion, a PE ratio of 25.33 and a beta of 2.24.

Kronos Worldwide (NYSE:KRO) last issued its earnings results on Monday, May 8th. The specialty chemicals company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.08. The business had revenue of $369.80 million for the quarter, compared to analyst estimates of $350 million. Kronos Worldwide had a negative net margin of 0.02% and a negative return on equity of 0.07%. Kronos Worldwide’s revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.03) earnings per share. On average, equities research analysts anticipate that Kronos Worldwide will post $1.01 EPS for the current fiscal year.

Several research analysts recently issued reports on KRO shares. Zacks Investment Research raised shares of Kronos Worldwide from a “hold” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a research note on Friday, March 17th. Barclays PLC increased their target price on shares of Kronos Worldwide from $7.00 to $12.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 14th. Standpoint Research lowered shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, March 28th. Finally, TheStreet raised shares of Kronos Worldwide from a “c” rating to a “b-” rating in a research note on Wednesday, March 29th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Kronos Worldwide by 3.2% in the first quarter. Vanguard Group Inc. now owns 1,624,570 shares of the specialty chemicals company’s stock worth $26,691,000 after buying an additional 50,903 shares during the period. Geode Capital Management LLC raised its position in Kronos Worldwide by 5.5% in the first quarter. Geode Capital Management LLC now owns 169,827 shares of the specialty chemicals company’s stock worth $2,790,000 after buying an additional 8,786 shares during the period. Morgan Stanley raised its position in Kronos Worldwide by 1.3% in the first quarter. Morgan Stanley now owns 204,942 shares of the specialty chemicals company’s stock worth $3,367,000 after buying an additional 2,650 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in Kronos Worldwide by 5.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 87,535 shares of the specialty chemicals company’s stock worth $1,439,000 after buying an additional 4,617 shares during the period. 13.80% of the stock is currently owned by hedge funds and other institutional investors.

About Kronos Worldwide

Kronos Worldwide, Inc (Kronos) is a producer and marketer of titanium dioxide (TiO2) pigments, a base industrial product that is used in a range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products with sales in Europe and North America.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KRO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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