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

Rhea-AI Summary

NL Industries (NYSE: NL) has declared a quarterly dividend of $0.07 per share on its common stock, payable on June 21, 2022. Shareholders of record as of June 6, 2022 will receive this dividend. During the 2022 annual shareholder meeting, shareholders elected six directors for a one-year term and approved a nonbinding resolution on executive compensation.

The board also expanded from six to eight members, electing R. Colin Gouveia and Courtney J. Riley to the board, with Gouveia joining the audit committee.

Positive

• Quarterly dividend of $0.07 per share announced, signaling continued income for shareholders.
• Election of two new board members demonstrates board expansion and potential for diverse governance.

Negative

• None.

Dallas, Texas, May 19, 2022 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE:  NL) announced that its board of directors has declared a quarterly dividend of seven cents ($0.07) per share on its common stock, payable on June 21, 2022 to shareholders of record at the close of business on June 6, 2022.

NL Industries also announced that at its 2022 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 2022 annual shareholder meeting.

Following the annual meeting of shareholders, today the NL board of directors increased the size of the board from six to eight and elected R. Colin Gouveia and Courtney J. Riley to fill the newly created vacancies.  The board of directors also appointed Mr. Gouveia to serve on its audit committee. 

NL Industries, Inc. is engaged in the component products (security products and recreational marine components) and chemicals (TiO2) businesses.

* * * * *

FAQ

What is the dividend amount declared by NL Industries in May 2022?

NL Industries declared a quarterly dividend of $0.07 per share.

When will NL Industries pay the declared dividend?

The dividend will be paid on June 21, 2022.

What is the record date for the NL Industries dividend?

The record date for the dividend is June 6, 2022.

Who were elected to the NL Industries board during the 2022 annual shareholder meeting?

Loretta J. Feehan, Robert D. Graham, John E. Harper, Meredith W. Mendes, Cecil H. Moore, Jr., Thomas P. Stafford, R. Colin Gouveia, and Courtney J. Riley were elected to the board.

What significant governance change occurred at NL Industries in May 2022?

The board of directors increased its size from six to eight members.