NL INDUSTRIES, INC. ANNOUNCES QUARTERLY DIVIDEND AND RESULTS OF ANNUAL SHAREHOLDER MEETING
Rhea-AI Summary
NL Industries, Inc. (NYSE: NL) declared a quarterly dividend of $0.04 per share, payable on June 23, 2020, to shareholders of record as of June 9, 2020. During the 2020 annual shareholder meeting, shareholders elected six directors for a one-year term and approved the compensation of named executive officers on a nonbinding advisory basis. NL Industries operates in the component products (including security and marine components) and titanium dioxide sectors.
Positive
- Quarterly dividend declared at $0.04 per share, enhancing shareholder income.
- Successful re-election of six directors, indicating shareholder confidence.
Negative
- None.
News Market Reaction – NL
In the trading session that priced this news, NL declined 4.32%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Dallas, Texas, May 21, 2020 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE: NL) announced that its board of directors has declared a quarterly dividend of four cents (
NL Industries also announced that at its 2020 annual shareholder meeting held today its shareholders had:
- elected each of Loretta J. Feehan, Robert D. Graham, John E. Harper, Meredith W. Mendes, Cecil H. Moore, Jr. and Thomas P. Stafford 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 meeting.
NL Industries, Inc. is engaged in the component products (security products and recreational marine components) and titanium dioxide products businesses.
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SOURCE: NL Industries, Inc. CONTACT: Janet G. Keckeisen, Vice President - Corporate Strategy and Investor Relations, 972.233.1700