NL INDUSTRIES ANNOUNCES A SPECIAL DIVIDEND OF 43 CENTS PER SHARE PAYABLE IN AUGUST 2024, AND A QUARTERLY DIVIDEND FOR THE THIRD QUARTER OF 2024 AT 8 CENTS PER SHARE
Rhea-AI Summary
NL Industries (NYSE: NL) has announced two dividend payments for shareholders. The company's board of directors has declared a special cash dividend of $0.43 per share, payable on August 29, 2024, to shareholders of record as of August 19, 2024. This special dividend will be funded from excess cash flows. Additionally, NL Industries has declared a quarterly dividend of $0.08 per share, payable on September 24, 2024, to shareholders of record as of September 6, 2024. NL Industries is involved in component products (security products and recreational marine components) and chemicals (TiO2) businesses.
Positive
- Special cash dividend of $0.43 per share announced
- Regular quarterly dividend of $0.08 per share maintained
- Special dividend funded from excess cash flows, indicating strong cash position
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, NL gained 10.48%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Dallas, Texas, Aug. 07, 2024 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE: NL) today announced that its board of directors has declared a special cash dividend of forty-three cents (
NL Industries, Inc. is engaged in the component products (security products and recreational marine components) and chemicals (TiO2) businesses.
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Investor Relations Contact
Bryan A. Hanley
Senior Vice President and Treasurer
Tel. 972-233-1700