Kronos Worldwide, Inc. Announces Quarterly Dividend and Results of Annual Stockholder Meeting

(Neutral)

Rhea-AI Summary

Kronos Worldwide, Inc. (NYSE: KRO) has declared a quarterly dividend of $0.18 per share, payable on June 18, 2020, to stockholders of record by the close of business on June 9, 2020. Additionally, during its 2020 annual stockholder meeting, KRO's stockholders elected seven directors for a one-year term and approved a nonbinding advisory resolution on the compensation of named executive officers as outlined in the proxy statement. Kronos is a leading international producer of titanium dioxide products.

Positive

Declared a quarterly dividend of $0.18 per share.
Successful election of seven directors for a one-year term.

Negative

None.

News Market Reaction – KRO

-1.34%

-1.34% Session move

In the trading session that priced this news, KRO declined 1.34%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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05/20/2020 - 04:15 PM

Dallas, Texas, May 20, 2020 (GLOBE NEWSWIRE) -- Kronos Worldwide, Inc. (NYSE: KRO) announced that its board of directors has declared a regular quarterly dividend of eighteen cents ($0.18) per share on its common stock, payable on June 18, 2020 to stockholders of record at the close of business on June 9, 2020.

Kronos Worldwide also announced that at its 2020 annual stockholder meeting held today its stockholders had:

elected each of Loretta J. Feehan, Robert D. Graham, John E. Harper, Meredith W. Mendes, Cecil H. Moore, Jr., Thomas P. Stafford, and R. Gerald Turner as a director for a one year term; and

adopted a resolution that approved, on a nonbinding advisory basis, the compensation of its named executive officers as disclosed in the proxy statement for the 2020 annual stockholder meeting.

Kronos Worldwide, Inc. is a major international producer of titanium dioxide products.

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Source: Kronos Worldwide, Inc.

Janet G. Keckeisen, Vice President, Corporate Strategy and Investor Relations, (972) 233-1700

FAQ

What is the dividend amount declared by Kronos Worldwide (KRO)?

Kronos Worldwide has declared a quarterly dividend of $0.18 per share.

When will the dividend be paid to shareholders of KRO?

The dividend will be paid on June 18, 2020.

What is the record date for the KRO dividend payment?

The record date for the dividend payment is June 9, 2020.

Who were elected as directors during the 2020 annual stockholder meeting of KRO?

Seven directors were elected for a one-year term at the 2020 annual stockholder meeting.