Minerals Technologies Inc. Declares Quarterly Dividend of $0.05 (MTX)
Minerals Technologies (NYSE:MTX) announced a quarterly dividend on Thursday, May 15th, StockRatingsNetwork reports. Stockholders of record on Wednesday, May 28th will be paid a dividend of 0.05 per share on Wednesday, June 11th. This represents a $0.20 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Friday, May 23rd.
MTX has been the subject of a number of recent research reports. Analysts at First Analysis upgraded shares of Minerals Technologies from an “equal weight” rating to an “overweight” rating in a research note on Thursday, March 20th. They now have a $74.00 price target on the stock. On the ratings front, analysts at Ned Davis Research upgraded shares of Minerals Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. Finally, analysts at Ned Davis Research upgraded shares of Minerals Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, February 24th.
Shares of Minerals Technologies (NYSE:MTX) traded up 1.61% during mid-day trading on Monday, hitting $62.42. 257,726 shares of the company’s stock traded hands. Minerals Technologies has a one year low of $40.70 and a one year high of $67.00. The stock has a 50-day moving average of $62.01 and a 200-day moving average of $58.41. The company has a market cap of $2.152 billion and a price-to-earnings ratio of 27.70.
Minerals Technologies (NYSE:MTX) last announced its earnings results on Thursday, April 24th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.02. The company had revenue of $244.40 million for the quarter, compared to the consensus estimate of $249.10 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. On average, analysts predict that Minerals Technologies will post $2.66 earnings per share for the current fiscal year.
Minerals Technologies Inc is a resource- and technology-based company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and supporting systems and services.
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