On May 25, 2023, Valhi’s board of directors declared a regular quarterly dividend of $0.08 per share ($0.32 annualized). The company paid $0.08 per share in the past.
To qualify for the dividend, shares must be purchased before the ex-dividend date of June 2, 2023. The payment will be made to shareholders of record as of June 5, 2023, on June 22, 2023.
At the current share price of $13.21 per share, the stock’s dividend yield is 2.42%.
In the past five years, taking a sample every week, the average dividend yield has been 2.81%. The lowest has been 0.61%, and the highest has been 10.13%. There have been 237 samples, and the standard deviation of yields is 2.22.
The current dividend yield is 0.18 standard deviations below the historical average.
Furthermore, the company’s dividend payout ratio is 0.23. A payout ratio of one (1.0) means that the entire company’s income is paid out in the dividend. Companies with few growth prospects are expected to pay most of their income in dividends, indicating a payout ratio between 0.5 and 1.0. Companies with excellent growth prospects should retain some earnings to invest in those growth prospects, translating to a payout ratio of zero to 0.5.
Companies with a payout ratio greater than one are dipping into their savings to maintain their dividend, representing an unhealthy situation.
The company’s 3-Year dividend growth rate is -0.67%.
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What is the Fund Sentiment?
151 funds or institutions reported positions in Valhi, representing a decrease of 4 owners or 2.58% in the last quarter. The average portfolio weight of all funds dedicated to VHI is 0.03%, a decrease of 5.87%. Institutions decreased their total shares owned by 0.20% to 1,727K shares in the last three months.
Analyst Price Forecast Suggests 15.06% Downside
As of May 11, 2023, the average one-year price target for Valhi is 11.22. The forecasts range from a low of 11.11 to a high of $11.55. The average price target represents a decrease of 15.06% from its latest reported closing price of $13.21.
See our leaderboard of companies with the most significant price target upside.
The projected annual revenue for Valhi is 3,075MM, an increase of 47.40%. The projected annual non-GAAP EPS is 10.57.
What are Other Shareholders Doing?
Bridgeway Capital Management owns 188K shares, representing 0.67% ownership of the company. The firm’s prior report indicated that they had owned 175K shares, indicating an increase of 7.20%. The firm decreased its portfolio allocation in VHI by 12.53% over the last quarter.
Renaissance Technologies owns 160K shares, representing 0.57% ownership of the company. The firm’s prior report indicated that they had owned 148K shares, indicating an increase of 7.81%. The firm decreased its portfolio allocation in VHI by 16.74% over the last quarter.
Bank of New York Mellon owns 145K shares, representing 0.51% ownership of the company. The firm’s prior report indicated that they had owned 150K shares, indicating a decrease of 3.26%. The firm decreased its portfolio allocation in VHI by 26.60% over the last quarter.
BOSVX – Omni Small-Cap Value Fund Class N owns 101K shares, representing 0.36% ownership of the company. The firm’s prior report indicated that they had owned 90K shares, indicating an increase of 10.61%. The firm decreased its portfolio allocation in VHI by 8.53% over the last quarter.
DES – WisdomTree U.S. SmallCap Dividend Fund N owns 97K shares, representing 0.34% ownership of the company. The firm’s prior report indicated that they had owned 64K shares, indicating an increase of 34.23%. The firm increased its portfolio allocation in VHI by 16.72% over the last quarter.
Valhi Background Information
(This description is provided by the company.)
Valhi, Inc., a Delaware corporation, operates through majority-owned subsidiaries or less than majority-owned affiliates. Valhi, Inc. is focused on the titanium dioxide products, component products (security products and recreational marine components), and real estate management and development industries.
Key filings for this company:
This story originally appeared on Share.