Tronox Ltd (TROX) to Issue $0.05 Quarterly Dividend

Tronox Ltd (NASDAQ:TROX) declared a quarterly dividend on Wednesday, November 8th, NASDAQ reports. Shareholders of record on Monday, November 20th will be given 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 is Friday, November 17th.

Tronox (NASDAQ:TROX) opened at $26.80 on Friday.

Tronox (NASDAQ:TROX) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.15. The company had revenue of $435.00 million for the quarter, compared to the consensus estimate of $436.92 million. During the same period last year, the company earned ($0.34) EPS. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis.

TROX has been the subject of several research reports. BidaskClub raised shares of Tronox from a “buy” rating to a “strong-buy” rating in a report on Friday, October 6th. UBS AG increased their price objective on shares of Tronox from $16.00 to $17.00 and gave the company a “sell” rating in a report on Friday, October 13th. Alembic Global Advisors reaffirmed a “buy” rating on shares of Tronox in a report on Monday, October 23rd. J P Morgan Chase & Co initiated coverage on shares of Tronox in a report on Tuesday, October 24th. They issued an “overweight” rating for the company. Finally, Vertical Research initiated coverage on shares of Tronox in a report on Monday, October 23rd. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $18.00.

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In other Tronox news, Director Timothy C. Carlson purchased 25,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of $18.84 per share, with a total value of $471,000.00. Following the acquisition, the director now owns 61,585 shares in the company, valued at $1,160,261.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Niekerk Willem Hendrik Van sold 12,229 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $20.70, for a total transaction of $253,140.30. Following the completion of the transaction, the senior vice president now directly owns 175,528 shares of the company’s stock, valued at approximately $3,633,429.60. The disclosure for this sale can be found here.

About Tronox

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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