Northern Technologies International Co. (NTIC) To Go Ex-Dividend on January 29th

Northern Technologies International Co. (NASDAQ:NTIC) declared a quarterly dividend on Wednesday, January 15th,Wall Street Journal reports. Investors of record on Wednesday, January 29th will be given a dividend of 0.07 per share by the specialty chemicals company on Wednesday, February 12th. This represents a $0.28 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, January 29th.

Northern Technologies International has raised its dividend by an average of 1.9% annually over the last three years. Northern Technologies International has a dividend payout ratio of 31.1% meaning its dividend is sufficiently covered by earnings. 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 $0.28 annual dividend with an expected future payout ratio of 31.1%.

Northern Technologies International Stock Down 1.5 %

Shares of NASDAQ NTIC opened at $12.06 on Monday. Northern Technologies International has a twelve month low of $11.70 and a twelve month high of $19.63. The company’s fifty day moving average is $13.47 and its 200-day moving average is $13.03. The stock has a market cap of $114.21 million, a price-to-earnings ratio of 23.19 and a beta of 0.62.

Northern Technologies International (NASDAQ:NTIC) last posted its earnings results on Wednesday, January 8th. The specialty chemicals company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.05). Northern Technologies International had a return on equity of 7.48% and a net margin of 5.89%. On average, research analysts anticipate that Northern Technologies International will post 0.56 EPS for the current fiscal year.

Northern Technologies International Company Profile

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.