Northern Technologies International Co. (NASDAQ:NTIC) Plans Quarterly Dividend of $0.01

Northern Technologies International Co. (NASDAQ:NTIC) declared a quarterly dividend on Thursday, April 17th, Wall Street Journal reports. Investors of record on Wednesday, April 30th will be given a dividend of 0.01 per share by the specialty chemicals company on Wednesday, May 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Wednesday, April 30th.

Northern Technologies International has raised its dividend payment by an average of 1.9% per year over the last three years. Northern Technologies International has a payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Northern Technologies International to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 4.4%.

Northern Technologies International Trading Down 1.3 %

Shares of NTIC opened at $6.93 on Friday. Northern Technologies International has a 12 month low of $6.77 and a 12 month high of $19.63. The stock has a market capitalization of $65.65 million, a price-to-earnings ratio of 13.33 and a beta of 0.26. The firm has a fifty day simple moving average of $10.39 and a 200 day simple moving average of $12.09.

Northern Technologies International (NASDAQ:NTIC) last issued its quarterly earnings data on Thursday, April 10th. The specialty chemicals company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.09). Northern Technologies International had a net margin of 5.89% and a return on equity of 7.48%. The firm had revenue of $19.07 million during the quarter, compared to analyst estimates of $20.20 million. During the same period in the prior year, the company earned $0.17 earnings per share. As a group, research analysts predict that Northern Technologies International will post 0.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com lowered Northern Technologies International from a “hold” rating to a “sell” rating in a research report on Monday, April 14th.

About Northern Technologies International

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.