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

Rhea-AI Summary

On May 16, 2024, NL Industries (NYSE: NL) announced a quarterly dividend of $0.08 per share, payable on June 25, 2024, to shareholders of record as of June 10, 2024. The company also revealed the results of its 2024 annual shareholder meeting, where shareholders elected Loretta J. Feehan, John E. Harper, Kevin B. Kramer, Meredith W. Mendes, Cecil H. Moore, Jr., Courtney J. Riley, and Michael S. Simmons as directors for one-year terms. Additionally, a resolution approving the compensation of executive officers on a nonbinding advisory basis was adopted. NL Industries operates in the component products and chemicals sectors, specifically in security products, recreational marine components, and TiO2.

Positive

• Quarterly dividend of $0.08 per share declared, demonstrating financial stability.
• Election of experienced directors for one-year terms, ensuring continuity in leadership.
• Shareholder approval of executive compensation indicates alignment with management.

Negative

• The dividend amount of $0.08 per share may be perceived as relatively low by some investors.
• The nonbinding advisory vote on executive compensation does not guarantee changes or improvements.

Dallas, Texas, May 16, 2024 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE:  NL) announced that its board of directors has declared a quarterly dividend of eight cents ($0.08) per share on its common stock, payable on June 25, 2024 to shareholders of record at the close of business on June 10, 2024.

NL Industries also announced that at its 2024 annual shareholder meeting held today its shareholders had:

• elected each of Loretta J. Feehan, John E. Harper, Kevin B. Kramer, Meredith W. Mendes, Cecil H. Moore, Jr., Courtney J. Riley and Michael S. Simmons 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 2024 annual shareholder meeting.

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

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Investor Relations Contact

Bryan A. Hanley
Senior Vice President and Treasurer
Tel. 972-233-1700

FAQ

When will NL Industries pay the declared quarterly dividend?

NL Industries will pay the quarterly dividend of $0.08 per share on June 25, 2024.

Who are the newly elected directors of NL Industries for 2024?

The newly elected directors are Loretta J. Feehan, John E. Harper, Kevin B. Kramer, Meredith W. Mendes, Cecil H. Moore, Jr., Courtney J. Riley, and Michael S. Simmons.

What sectors does NL Industries operate in?

NL Industries operates in the component products and chemicals sectors, focusing on security products, recreational marine components, and TiO2.

What was the outcome of the shareholder vote on executive compensation at NL Industries?

Shareholders approved the executive compensation on a nonbinding advisory basis.

When is the record date for shareholders to receive NL Industries' quarterly dividend?

The record date for shareholders to receive the quarterly dividend is June 10, 2024.