Tronox Ltd (NASDAQ:TROX) announced a quarterly dividend on Wednesday, November 8th, NASDAQ reports. Stockholders of record on Monday, November 20th will be paid a dividend of 0.045 per share on Friday, December 1st. This represents a $0.18 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, November 17th.
Tronox (TROX) traded up $0.06 during mid-day trading on Friday, reaching $26.80. 2,584,303 shares of the company were exchanged.
Tronox (NASDAQ:TROX) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.15. The company had revenue of $435.00 million for the quarter, compared to analysts’ expectations of $436.92 million. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.34) EPS.
A number of analysts recently commented on the stock. Vertical Research assumed coverage on shares of Tronox in a report on Monday, October 23rd. They set a “buy” rating on the stock. BidaskClub downgraded shares of Tronox from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 28th. UBS AG boosted their price objective on shares of Tronox from $16.00 to $17.00 and gave the stock a “sell” rating in a report on Friday, October 13th. J P Morgan Chase & Co assumed coverage on shares of Tronox in a report on Tuesday, October 24th. They set an “overweight” rating on the stock. Finally, Alembic Global Advisors reissued a “buy” rating on shares of Tronox in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Tronox has a consensus rating of “Buy” and an average target price of $18.00.
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In other Tronox news, Director Timothy C. Carlson bought 25,000 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was bought at an average price of $18.84 per share, for a total transaction of $471,000.00. Following the completion of the transaction, the director now owns 61,585 shares in the company, valued at approximately $1,160,261.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jogita Khilnani sold 5,000 shares of Tronox stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $20.78, for a total transaction of $103,900.00. Following the transaction, the senior vice president now owns 29,405 shares of the company’s stock, valued at approximately $611,035.90. The disclosure for this sale can be found here.
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, TiO2 and Alkali. The TiO2 segment engages in the exploration, mining, and beneficiation of mineral sands deposits.
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