Northern Technologies International Corp (NASDAQ:NTIC) announced an annual dividend on Wednesday, January 24th, NASDAQ reports. Shareholders of record on Wednesday, February 7th will be paid a dividend of 0.10 per share by the specialty chemicals company on Wednesday, February 21st. This represents a yield of 0.00408163265306122%. The ex-dividend date of this dividend is Tuesday, February 6th.
Shares of Northern Technologies International (NTIC) opened at $23.75 on Thursday. The company has a market capitalization of $108.90, a price-to-earnings ratio of 25.81 and a beta of 1.41. Northern Technologies International has a fifty-two week low of $14.95 and a fifty-two week high of $27.00.
Northern Technologies International (NASDAQ:NTIC) last announced its earnings results on Thursday, January 11th. The specialty chemicals company reported $0.24 EPS for the quarter. Northern Technologies International had a return on equity of 8.41% and a net margin of 10.16%. The firm had revenue of $11.54 million for the quarter. research analysts expect that Northern Technologies International will post 1.13 earnings per share for the current year.
Separately, ValuEngine cut Northern Technologies International from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
A hedge fund recently raised its stake in Northern Technologies International stock. Vanguard Group Inc. lifted its holdings in shares of Northern Technologies International Corp (NASDAQ:NTIC) by 37.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,839 shares of the specialty chemicals company’s stock after purchasing an additional 28,300 shares during the quarter. Vanguard Group Inc. owned about 2.29% of Northern Technologies International worth $1,656,000 as of its most recent SEC filing. Institutional investors and hedge funds own 25.41% of the company’s stock.
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About Northern Technologies International
Northern Technologies International Corporation develops and markets environmentally beneficial products and services. The Company’s primary business is corrosion prevention marketed mainly under ZERUST and EXCOR brands (collectively ZERUST). The Company’s segments include ZERUST and Natur-Tec. The Company is engaged in selling its ZERUST products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets.
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