Kronos Worldwide Announces $0.05 Quarterly Dividend

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Kronos Worldwide Inc (NYSE:KRO), a leading global producer of titanium dioxide pigments, announced on Wednesday, February 25th that it will pay a quarterly dividend of $0.05 per share to shareholders of record on Tuesday, March 10th. The dividend will be paid on Thursday, March 19th and represents an annualized dividend of $0.20 per share and a dividend yield of 3.6%.

Why it matters

The dividend announcement provides a return to shareholders and demonstrates Kronos Worldwide's financial stability and ability to generate consistent cash flow, even as the specialty chemicals industry faces market challenges. The dividend payout ratio of 17.7% indicates the company can comfortably cover the dividend from its earnings.

The details

Kronos Worldwide has decreased its dividend payment by an average of 0.1% per year over the last three years. However, analysts expect the company to earn $1.02 per share next year, which would give it an expected future payout ratio of 19.6% - still a sustainable level. The ex-dividend date is Tuesday, March 10th.

• Kronos Worldwide announced the quarterly dividend on Wednesday, February 25th.
• Shareholders of record will be paid the $0.05 dividend on Thursday, March 19th.
• The ex-dividend date is Tuesday, March 10th.