Kronos Worldwide (KRO) Lowers Quarterly Dividend 64.3% to $0.05; 1.5% Yield

Kronos Worldwide (NYSE: KRO) declared a quarterly dividend of $0.05 per share, or $0.2 annualized. This is a 64.3% decrease from the prior dividend of $0.14.

The dividend will be payable on September 19, 2024, to stockholders of record on September 6, 2024, with an ex-dividend date of September 5, 2024.

The annual yield on the dividend is 1.5 percent.

• Commenting on the dividend Mr. Buch said, “The reduced dividend rate will allow Kronos to focus on maintaining a strong balance sheet while continuing to evaluate strategic investment opportunities. In addition to strengthening liquidity and providing the flexibility to absorb increased debt service costs, working capital needs and capital improvements from the acquisition of the 50% interest in the LPC joint venture, the new dividend rate will give Kronos an opportunity to focus on reducing leverage. Going forward we will continue to evaluate the appropriateness of the dividend based on progress towards these priorities, results of operations and other relevant factors.”

For a dividend history and other dividend-related data on Kronos Worldwide (KRO) click here.

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