Tronox’s quarterly dividend

On August 15, Tronox (TROX) announced its latest quarterly dividend of $0.045 per share. The dividend will be paid on the company’s outstanding class A and class B ordinary shares. Tronox set the record date as August 27. Investors holding shares as of the record date are eligible for the dividend. The dividends are expected to be paid on September 7.

Tronox’s Quarterly Dividend and Stock Price Update

At the end of the second quarter, including class A and class B shares, the total number of outstanding shares stood at ~122.9 million. If Tronox doesn’t buy back any shares before the record date, it would be paying ~$5.53 million towards the quarterly dividend. As of August 17, Tronox’s dividend yield was 1.05%.

Stock price update

Tronox stock fell 4.1%% and closed at $15.31 for the week ending August 17. The decline in the stock price caused Tronox to trade 16.8% below its 100-day moving average of $18.39, which indicates a downward trend in the stock. On a year-to-date basis, the stock has declined 26.9%. Chemours (CC) and FMC (FMC) have fallen 16.8% and 10.8%, respectively. W.R. Grace (GRA) has a marginal gain of 0.4% YTD. Tronox’s relative strength index of 35 indicates that the stock is very close to being oversold.

Investors could hold Tronox indirectly by investing in the VanEck Vectors Rare Earth Strategic Metals ETF (REMX), which has invested 4.6% of its portfolio in Tronox as of August 17.

Latest articles

19 Jul

Afya's IPO Sees Strong Listing Gains

WRITTEN BY Mohit Oberoi, CFA

Afya (AFYA) listed on the Nasdaq Global Select Market on July 19. The company priced its IPO at $19 per share.

19 Jul

What to Watch For in Amazon's Q2 Earnings

WRITTEN BY Sanmit Amin

e-Commerce giant Amazon (AMZN) is scheduled to report its second-quarter earnings results after the closing bell on July 25.

19 Jul

Barrick Gold Reaches Deal to Buy Acacia Mining

WRITTEN BY Anuradha Garg

After a long standoff, Barrick Gold (GOLD) and Acacia Mining (ABGLF) have reached an agreement.

19 Jul

Comcast Shares Pop on Goldman's Optimism

WRITTEN BY Ruchi Gupta

Comcast (CMCSA) shares popped after Goldman Sachs issued a positive note on the company recently. Goldman upgraded its rating for Comcast to "buy" from "hold."

19 Jul

Why Analysts Are Bearish on Netflix Stock

WRITTEN BY Aditya Raghunath

Netflix stock fell over 10.0% on Thursday and is down 0.5% today as well.

On Thursday, pet retailer Chewy (CHWY) reported its first-quarter results after the market closed. The company reported its earnings for the first time.