Tronox Holdings plc (NYSE:TROX) Plans Quarterly Dividend of $0.13

Tronox Holdings plc (NYSE:TROX) announced a quarterly dividend on Tuesday, February 18th,RTT News reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.125 per share on Friday, April 4th. This represents a $0.50 dividend on an annualized basis and a yield of 6.25%.

Tronox has raised its dividend by an average of 11.6% annually over the last three years. Tronox has a dividend payout ratio of 43.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tronox to earn $1.22 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 41.0%.

Tronox Price Performance

TROX opened at $8.01 on Wednesday. The business has a 50 day moving average of $9.89 and a 200-day moving average of $11.84. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90. Tronox has a 1-year low of $7.72 and a 1-year high of $20.70.

Tronox (NYSE:TROX) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.62%. On average, equities analysts expect that Tronox will post 0.76 EPS for the current fiscal year.

Analyst Ratings Changes

TROX has been the topic of a number of recent research reports. BMO Capital Markets decreased their target price on Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. UBS Group reduced their price objective on Tronox from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. The Goldman Sachs Group lowered their price objective on Tronox from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Morgan Stanley reduced their target price on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Barclays decreased their price target on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.57.

About Tronox

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.