Northern Technologies International Corporation (NTIC) To Go Ex-Dividend on January 28th

Northern Technologies International Corporation (NASDAQ:NTIC) declared a quarterly dividend on Wednesday, January 14th. Shareholders of record on Wednesday, January 28th will be paid a dividend of 0.01 per share by the specialty chemicals company on Wednesday, February 11th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, January 28th.

Northern Technologies International has increased its dividend by an average of 0.0%per year over the last three years. Northern Technologies International has a payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Performance

NASDAQ NTIC opened at $9.57 on Friday. The stock’s 50 day simple moving average is $7.90 and its 200-day simple moving average is $7.81. The company has a market cap of $90.82 million, a PE ratio of -239.25 and a beta of 0.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.77 and a quick ratio of 1.13. Northern Technologies International has a 1-year low of $6.75 and a 1-year high of $13.25.

Northern Technologies International (NASDAQ:NTIC) last issued its earnings results on Thursday, January 8th. The specialty chemicals company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $23.31 million during the quarter, compared to analysts’ expectations of $22.10 million. Northern Technologies International had a negative net margin of 0.35% and a negative return on equity of 0.44%. As a group, equities research analysts anticipate that Northern Technologies International will post 0.56 EPS for the current fiscal year.

About Northern Technologies International

Northern Technologies International Corporation (NASDAQ: NTIC) is a Minnesota‐based specialty chemical company that develops, manufactures and markets environmentally responsible corrosion prevention and metal surface treatment products. The company’s solutions include volatile corrosion inhibitor (VCI) films, emitters, powders and liquids designed to protect ferrous and non‐ferrous metals in industrial, aerospace, defense, electronics and automotive applications. In addition, NTIC offers packaging materials, engineered coatings and specialty pretreatment chemicals that meet stringent environmental regulations while extending equipment life and reducing maintenance costs.

NTIC serves a diversified global customer base, including metal fabricators, automotive suppliers, electronics manufacturers and oil and gas producers.