Minerals Technologies Inc (NYSE:MTX) Announces $0.05 Quarterly Dividend
Minerals Technologies Inc (NYSE:MTX) announced a quarterly dividend on Wednesday, July 17th, RTT News reports. Investors of record on Friday, August 23rd will be given a dividend of 0.05 per share by the basic materials company on Thursday, September 5th. This represents a $0.20 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Thursday, August 22nd.
Minerals Technologies has a dividend payout ratio of 4.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Minerals Technologies to earn $4.75 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 4.2%.
NYSE:MTX opened at $48.02 on Wednesday. The stock has a market cap of $1.69 billion, a P/E ratio of 9.92, a PEG ratio of 3.18 and a beta of 1.85. The stock has a 50 day simple moving average of $51.57 and a 200 day simple moving average of $56.75. The company has a current ratio of 2.30, a quick ratio of 1.66 and a debt-to-equity ratio of 0.61. Minerals Technologies has a 1-year low of $46.23 and a 1-year high of $70.55.
Several analysts recently weighed in on the company. ValuEngine raised Minerals Technologies from a “strong sell” rating to a “sell” rating in a report on Friday, August 2nd. Zacks Investment Research cut Minerals Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, July 9th. TheStreet cut Minerals Technologies from a “b-” rating to a “c+” rating in a report on Thursday, May 30th. Finally, JPMorgan Chase & Co. cut Minerals Technologies from an “overweight” rating to a “neutral” rating and set a $65.00 price objective for the company. in a report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $65.00.
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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