Minerals Technologies Inc. (NYSE:MTX) announced a quarterly dividend on Thursday, May 17th, Wall Street Journal reports. Stockholders of record on Thursday, May 31st will be paid a dividend of 0.05 per share by the basic materials company on Thursday, June 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Wednesday, May 30th.
Minerals Technologies has a payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Minerals Technologies to earn $5.43 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 3.7%.
Shares of MTX stock traded up $0.15 during mid-day trading on Thursday, reaching $72.55. 229,825 shares of the company’s stock traded hands, compared to its average volume of 148,883. Minerals Technologies has a 12 month low of $72.35 and a 12 month high of $72.95. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.96 and a quick ratio of 2.22. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.78 and a beta of 2.27.
Minerals Technologies (NYSE:MTX) last issued its quarterly earnings data on Thursday, May 3rd. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. Minerals Technologies had a net margin of 11.77% and a return on equity of 13.36%. The firm had revenue of $431.30 million during the quarter, compared to the consensus estimate of $420.00 million. During the same quarter in the previous year, the firm posted $0.97 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. equities research analysts expect that Minerals Technologies will post 4.93 EPS for the current year.
MTX has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Minerals Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. ValuEngine downgraded shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd.
About Minerals Technologies
Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.
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