Tronox Holdings plc (TROX) to Issue Quarterly Dividend of $0.13 on June 21st

Tronox Holdings plc (NYSE:TROXGet Free Report) announced a quarterly dividend on Tuesday, May 7th, Wall Street Journal reports. Stockholders of record on Monday, May 20th will be given a dividend of 0.125 per share on Friday, June 21st. This represents a $0.50 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Friday, May 17th.

Tronox has raised its dividend payment by an average of 21.3% annually over the last three years. Tronox has a payout ratio of 32.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Tronox to earn $1.37 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 36.5%.

Tronox Stock Up 0.1 %

Shares of NYSE TROX opened at $19.24 on Wednesday. Tronox has a 1 year low of $10.08 and a 1 year high of $19.75. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of -8.63, a price-to-earnings-growth ratio of 21.91 and a beta of 1.91. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.12 and a quick ratio of 1.09. The business has a 50-day moving average of $17.18 and a two-hundred day moving average of $14.64.

Tronox (NYSE:TROXGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). The firm had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $753.98 million. Tronox had a negative return on equity of 2.74% and a negative net margin of 11.93%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 EPS. On average, analysts forecast that Tronox will post 0.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TROX. The Goldman Sachs Group upped their price target on Tronox from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. BMO Capital Markets upped their price target on Tronox from $19.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Finally, StockNews.com upgraded shares of Tronox from a “sell” rating to a “hold” rating in a research report on Monday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $16.29.

View Our Latest Research Report on Tronox

Tronox Company Profile

(Get Free Report)

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.

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Dividend History for Tronox (NYSE:TROX)

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