Valhi, Inc. (NYSE:VHI) announced a quarterly dividend on Thursday, August 10th, Wall Street Journal reports. Stockholders of record on Tuesday, September 5th will be given a dividend of 0.02 per share by the basic materials company on Thursday, September 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Thursday, August 31st.

Valhi has decreased its dividend by an average of 26.3% per year over the last three years.

Shares of Valhi (VHI) opened at 2.18 on Wednesday. The stock’s 50 day moving average is $2.87 and its 200-day moving average is $3.19. The firm has a market cap of $739.39 million, a price-to-earnings ratio of 24.22 and a beta of 2.59. Valhi has a 12-month low of $1.84 and a 12-month high of $4.10.

An institutional investor recently raised its position in Valhi stock. State Street Corp boosted its position in Valhi, Inc. (NYSE:VHI) by 15.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 297,086 shares of the basic materials company’s stock after buying an additional 38,671 shares during the period. State Street Corp owned 0.09% of Valhi worth $885,000 as of its most recent filing with the SEC. Institutional investors own 2.16% of the company’s stock.

A number of equities analysts have issued reports on the company. ValuEngine cut Valhi from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. TheStreet upgraded Valhi from a “d+” rating to a “c” rating in a report on Thursday, May 11th. Finally, BidaskClub cut Valhi from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th.

TRADEMARK VIOLATION NOTICE: This piece was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/30/valhi-inc-vhi-to-issue-quarterly-dividend-of-0-02-on-september-28th.html.

Valhi Company Profile

Valhi, Inc is a holding company. The Company operates through four segments: Chemicals, Component Products, Waste Management, and Real Estate Management and Development. The Company operates through its subsidiaries, including NL Industries, Inc, Kronos Worldwide, Inc (Kronos), CompX International Inc (CompX) and Waste Control Specialists LLC (WCS).

Dividend History for Valhi (NYSE:VHI)

Receive News & Stock Ratings for Valhi Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valhi Inc. and related stocks with our FREE daily email newsletter.