Minerals Technologies Inc. (NYSE:MTX) announced a quarterly dividend on Wednesday, July 19th, RTT News reports. Stockholders of record on Friday, August 25th will be paid a dividend of 0.05 per share by the basic materials company on Thursday, September 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Wednesday, August 23rd.
Minerals Technologies has a dividend payout ratio of 4.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Minerals Technologies to earn $5.16 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 3.9%.
Shares of Minerals Technologies (NYSE MTX) traded down 0.16% during mid-day trading on Friday, hitting $64.05. The stock had a trading volume of 131,740 shares. The firm has a market cap of $2.25 billion, a P/E ratio of 14.57 and a beta of 2.20. The company has a 50 day moving average price of $71.48 and a 200 day moving average price of $74.87. Minerals Technologies has a 12-month low of $63.30 and a 12-month high of $83.85.
Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by $0.01. Minerals Technologies had a net margin of 9.62% and a return on equity of 15.04%. The firm had revenue of $414.10 million for the quarter, compared to analyst estimates of $427.21 million. Equities analysts forecast that Minerals Technologies will post $4.64 earnings per share for the current fiscal year.
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Several equities analysts have recently issued reports on the company. Zacks Investment Research cut Minerals Technologies from a “hold” rating to a “sell” rating in a research report on Thursday. BidaskClub lowered Minerals Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Finally, ValuEngine lowered Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th.
Minerals Technologies Company Profile
Minerals Technologies Inc is a resource- and technology-based company that develops, produces and markets a range of specialty mineral, mineral-based and synthetic mineral products and supporting systems and services around the world. It operates through five segments. The Specialty Minerals produces and sells the synthetic mineral product precipitated calcium carbonate (PCC) and processed mineral product quicklime (lime).
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