VALHI ANNOUNCES QUARTERLY CASH DIVIDEND AND RESULTS OF ANNUAL STOCKHOLDER MEETING

Rhea-AI Summary

On May 23, 2024, Valhi (NYSE: VHI) announced its board approved a quarterly dividend of $0.08 per share, payable on June 27, 2024, to shareholders of record on June 10, 2024.

At the same time, the company held its annual stockholder meeting, where shareholders elected seven directors for a one-year term and approved executive compensation on a nonbinding advisory basis. The directors elected include Thomas E. Barry, Loretta J. Feehan, Terri L. Herrington, W. Hayden McIlroy, Gina A. Norris, Michael S. Simmons, and Mary A. Tidlund.

Valhi operates in the chemicals, component products, and real estate management and development sectors.

Positive

• Quarterly dividend of $0.08 per share declared, payable on June 27, 2024.
• Reaffirmation of executive compensation by stockholders indicates shareholder satisfaction.
• Election of seven directors ensures continuity and stability in leadership.

Negative

• Dividend amount remains unchanged, offering no increase to shareholders.
• Nonbinding nature of the executive compensation approval may limit its impact.

Dallas, Texas, May 23, 2024 (GLOBE NEWSWIRE) -- Valhi, Inc. (NYSE:  VHI) announced today that its board of directors has declared a regular quarterly dividend of eight cents ($0.08) per share on its common stock, payable on June 27, 2024 to stockholders of record at the close of business on June 10, 2024.

Valhi also announced that at its annual stockholder meeting held on May 23, 2024, its stockholders:

• elected each of Thomas E. Barry, Loretta J. Feehan, Terri L. Herrington, W. Hayden McIlroy, Gina A. Norris, Michael S. Simmons and Mary A. Tidlund 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 stockholder meeting.

Valhi, Inc. is engaged in the chemicals (TiO₂), component products (security products and recreational marine components) and real estate management and development industries.

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Investor Relations Contact

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

FAQ

What is the dividend amount announced by Valhi on May 23, 2024?

Valhi announced a quarterly dividend of $0.08 per share.

When will Valhi's dividend be paid?

The dividend will be paid on June 27, 2024.

Who are the newly elected directors of Valhi?

The newly elected directors are Thomas E. Barry, Loretta J. Feehan, Terri L. Herrington, W. Hayden McIlroy, Gina A. Norris, Michael S. Simmons, and Mary A. Tidlund.

What sectors does Valhi operate in?

Valhi operates in the chemicals, component products, and real estate management and development sectors.

When was the record date for Valhi's dividend?

The record date for Valhi's dividend was June 10, 2024.

What was approved on a nonbinding advisory basis at Valhi's annual meeting?

The executive compensation was approved on a nonbinding advisory basis.