Minerals Technologies Inc. (NYSE:MTX) announced a quarterly dividend on Wednesday, November 16th. Stockholders of record on Monday, November 28th will be given a dividend of 0.05 per share on Friday, December 9th. This represents a $0.20 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Wednesday, November 23rd.

Minerals Technologies (NYSE:MTX) traded up 0.34% during midday trading on Wednesday, hitting $74.80. The stock had a trading volume of 123,780 shares. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 23.15 and a beta of 2.00. The firm has a 50-day moving average price of $68.54 and a 200-day moving average price of $64.20. Minerals Technologies has a 1-year low of $35.89 and a 1-year high of $75.00.

Dividend History for Minerals Technologies (NYSE:MTX)

Separately, Zacks Investment Research cut Minerals Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 10th.

In other Minerals Technologies news, VP Douglas W. Mayger sold 2,825 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $70.77, for a total transaction of $199,925.25. Following the transaction, the vice president now owns 26,585 shares of the company’s stock, valued at approximately $1,881,420.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael Cipolla sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $74.35, for a total value of $260,225.00. Following the transaction, the vice president now directly owns 21,414 shares in the company, valued at approximately $1,592,130.90. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of MTX. BlackRock Fund Advisors raised its position in Minerals Technologies by 3.1% in the second quarter. BlackRock Fund Advisors now owns 1,770,459 shares of the company’s stock valued at $100,562,000 after buying an additional 53,295 shares during the period. State Street Corp raised its position in Minerals Technologies by 1.9% in the second quarter. State Street Corp now owns 1,117,123 shares of the company’s stock valued at $63,449,000 after buying an additional 20,602 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Minerals Technologies by 4.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,051,876 shares of the company’s stock valued at $59,747,000 after buying an additional 41,728 shares during the period. American Century Companies Inc. raised its position in Minerals Technologies by 6.0% in the second quarter. American Century Companies Inc. now owns 724,420 shares of the company’s stock valued at $41,147,000 after buying an additional 41,057 shares during the period. Finally, AQR Capital Management LLC raised its position in Minerals Technologies by 16.2% in the second quarter. AQR Capital Management LLC now owns 430,839 shares of the company’s stock valued at $24,472,000 after buying an additional 60,092 shares during the period. 94.98% of the stock is currently owned by hedge funds and other institutional investors.

About Minerals Technologies

Minerals Technologies Inc is a resource-and technology-based company that develops, produces and markets worldwide a range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. It has five segments. The Specialty Minerals, Performance Materials, and Construction Technologies segments produce and sell products and technologies based primarily upon the mineral products calcium carbonate, bentonite, talc, chromite and leonardite.

5 Day Chart for NYSE:MTX

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