Image Source: Pixabay
NL Industries (NL) operates in the component products industry through its majority-owned subsidiary, CompX International Inc.It manufactures engineered components that are sold to a range of industries, including recreational transportation, postal, office, and institutional furniture, cabinetry, tool storage, healthcare, gas stations, and vending equipment.CompX has three production facilities in the United States, through which it produces a precision ball bearing slide, security products, and ergonomic computer support systems. AKA mechanical and electronic cabinet locks and other locking mechanisms. The company derives the majority of its revenue from Europe.The company sells its component products directly to original equipment manufacturers, as well as through distributors.NL Industries, Inc. was founded in 1891 and is based in Dallas, Texas.NL Industries, Inc. operates as a subsidiary of Valhi, Inc.Three key data points gauge NL Industries Inc or any dividend paying firm.The key three are:(1) Price(2) Dividends(3) ReturnsThose three keys also best tell whether any company has made, is making, and will make money.
NL PriceShare price increased about 42.3% in the past year from $5.25 to $7.47, as of Thursday’s market close.In the past 3 years the company’s share price has ranged from $4.50 to $10.54. Its all-time high of $80.00 was reached in March 1988.If shares trade in the range of $5.00 to $10.00 this next year, the recent $7.47 share price might grow to $8.00 Of course, NL shares could also drop about the same $0.53 estimated amount, or more.My $0.53 price upside estimate is based on the average NL one year price gain over the past ten years.
NL Dividend
NL Industries has paid variable quarterly dividends since April 1 1986. The company’s most recent Q dividend of $0.08 was declared October 31st 2024 for shareholders of record prior to November 29th and the payout was made December 17th. A forward looking annual dividend of $0.32 yields 4.28% per Thursday’s closing price.
NL ReturnsPutting it all together, a $1.15 estimated annual gross gain per share shows up by adding NL’s annual $0.32 dividend to the estimated $0.53 annual price gain, totaling that $0.85 amount.A little over $1000 buys 134 shares at Thursday’s $7.47 share price.A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.075 per share out of the $0.85 gross-gain to give us a net gain of $0.775 X 134 shares = $103.85 for about a 10.35% estimated net gain on the year.Furthermore, the $42.80 annual estimated dividend income from $1k invested in NL is 5.7 times more than the $7.47 single-share price. By these numbers, NL may be an ideal industrials dividend dog.Therefore, you may choose to pounce on NL Industries. It is an 134 year-old quarterly variable dividend paying engineered components (think locks) company with a 39 year dividend record.The exact track of NL Industries future price and dividend will entirely be determined by market action and company finances.Remember the best way to track dividend payments is through direct ownership of company shares.More By This Author:Current Report: Kanadevia
Current Report: Global Ship Lease
Current Report: Danaos
