Minerals Technologies Inc. Announces Quarterly Dividend of $0.11 (NYSE:MTX)

Minerals Technologies Inc. (NYSE:MTX) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.11 per share by the basic materials company on Friday, March 7th. This represents a $0.44 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Friday, February 14th.

Minerals Technologies has increased its dividend by an average of 27.0% per year over the last three years. Minerals Technologies has a dividend payout ratio of 5.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Minerals Technologies to earn $6.72 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 6.5%.

Minerals Technologies Stock Down 0.8 %

MTX stock opened at $75.66 on Friday. Minerals Technologies has a fifty-two week low of $64.91 and a fifty-two week high of $90.29. The company’s 50 day moving average price is $78.13 and its 200 day moving average price is $77.46. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.72 and a current ratio of 2.46. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 16.03 and a beta of 1.31.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th.

About Minerals Technologies

Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.