NL INDUSTRIES, INC. ANNOUNCES QUARTERLY DIVIDEND AND RESULTS OF ANNUAL SHAREHOLDER MEETING

Rhea-AI Summary

NL Industries, Inc. (NYSE: NL) declared a quarterly dividend of $0.04 per share, payable on June 23, 2020, to shareholders of record as of June 9, 2020. During the 2020 annual shareholder meeting, shareholders elected six directors for a one-year term and approved the compensation of named executive officers on a nonbinding advisory basis. NL Industries operates in the component products (including security and marine components) and titanium dioxide sectors.

Positive

• Quarterly dividend declared at $0.04 per share, enhancing shareholder income.
• Successful re-election of six directors, indicating shareholder confidence.

Negative

• None.

Dallas, Texas, May 21, 2020 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE:  NL) announced that its board of directors has declared a quarterly dividend of four cents ($0.04) per share on its common stock, payable on June 23, 2020 to shareholders of record at the close of business on June 9, 2020.

NL Industries also announced that at its 2020 annual shareholder meeting held today its shareholders had:

• elected each of Loretta J. Feehan, Robert D. Graham, John E. Harper, Meredith W. Mendes, Cecil H. Moore, Jr. and Thomas P. Stafford as a director for a one-year term; and
• adopted a resolution that approved, on a nonbinding advisory basis, the compensation of its named executive officers as disclosed in the proxy statement for the 2020 annual meeting.

NL Industries, Inc. is engaged in the component products (security products and recreational marine components) and titanium dioxide products businesses.

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SOURCE:  NL Industries, Inc.
CONTACT:  Janet G. Keckeisen, Vice President - Corporate Strategy and Investor Relations, 972.233.1700

FAQ

What is the dividend amount for NL Industries in 2020?

The declared dividend amount is $0.04 per share.

When is the dividend payment date for NL Industries?

The dividend is payable on June 23, 2020.

Who are the newly elected directors of NL Industries?

The newly elected directors include Loretta J. Feehan, Robert D. Graham, John E. Harper, Meredith W. Mendes, Cecil H. Moore, Jr., and Thomas P. Stafford.

What was approved at the 2020 annual shareholder meeting?

Shareholders approved the compensation of named executive officers on a nonbinding advisory basis.