Specialty chemicals maker�Westlake Chemical� (NYSE: WLK ) �announced yesterday�its second-quarter dividend of $0.1875 per share, the same rate it's paid for the past three quarters after raising the payout 154% from $0.738�per share.
The board of directors said the quarterly dividend is payable on June 19 to the holders of record at the close of business on June 4. Westlake declared a special dividend of $3.75 per share that was paid to investors last November.
The regular dividend payment equates to a $0.75-per-share annual dividend yielding 0.8% based on the closing price of Westlake Chemical's stock on May 17.
WLK Dividend data by YCharts. Chart reflects special dividend paid to investors on Nov. 27, 2012.
Best High Dividend Companies For 2015: Tronox Ltd (TROX)
Tronox Limited, incorporated on September 21, 2011, is engaged in production and marketing of titanium bearing mineral sands and titanium dioxide pigment (TiO2). The Company�� TiO2 products are critical components of everyday applications, such as coatings, plastics, paper and other applications. The Company�� mineral sands business consists primarily of two product streams: titanium feedstock and zircon. The Company operates in three segments: mineral sands, pigment and corporate and other. The corporate and other include its electrolytic manufacturing business. It has operations in North America, Europe, South Africa and the Asia-Pacific region. The Company operates three TiO2 facilities at the locations in Hamilton, Mississippi, Botlek, The Netherlands, and Kwinana, Western Australia, representing approximately 465,000 tons of annual TiO2 production capacity. In addition, it operates three separate mining operations: KwaZulu-Natal (KZN) Sands located in South Africa, Namakwa Sands located in South Africa and the Tiwest Joint Venture located in Western Australia, which has a combined annual production capacity of approximately 723,000 tons of titanium feedstock and approximately 265,000 tons of zircon. On June 15, 2012, the existing business of Tronox Incorporated was combined with the mineral sands business under Tronox Limited.
Mineral Sand segment
The Company's minerals segment includes the exploration, mining and beneficiation of mineral sands deposits. These operations produce titanium feedstock, including ilmenite, chloride slag, slag fines and rutile, as well as zircon, pig iron and activated charcoal. Titanium feedstock is used primarily to manufacture TiO2. Zircon is a mineral which is primarily used as an opacifier in ceramic glazes for tiles, plates, dishes and industrial products.
Pigment segment
The Company's pigment segment primarily produces and markets TiO2, and has production facilities in the United States, Australia, and the! Netherlands. TiO2 is used in a range of products due to its ability to impart whiteness, brightness and opacity. TiO2 is used in the manufacture of coatings, plastics and paper and in a range of other applications, including inks, fibers, rubber, food, cosmetics and pharmaceuticals. TiO2 is a critical component of everyday consumer applications due to its superior ability to cover or mask other materials effectively and efficiently relative to alternative white pigments and extenders.
Corporate and other
Corporate and other is comprised of corporate activities and businesses that are no longer in operation, as well as its electrolytic manufacturing and marketing operations, all of which are located in the United States. It�� electrolytic and other chemical products operations are focused on advanced battery materials, sodium chlorate and specialty boron products.
Advisors' Opinion:- [By Rich Smith]
Stamford, Conn.-based Tronox Limited (NYSE: TROX ) has a new CFO.
Tronox announced this week that it has hired former Rio Tinto business development officer Katherine C. Harper to become its new Chief Financial Officer. In a statement, company CEO Tom Casey expressed confidence that "her deep knowledge� in both sectors [the global mining and chemical industries], as well as her work in international financial markets will help drive Tronox's strategic vision of growth and profitability."
- [By Robert Rapier]
The “drop” mentioned in this question referred to the correction in the prices of many domestic oil producer shares that I had warned was likely during our November web chat. But on Dec. 14, just two days after our latest chat, Anadarko Petroleum (NYSE: APC) suffered a far more worrisome drop. On that day a judge ruled that Anadarko is responsible for at least $5 billion and perhaps up to $14 billion of cleanup costs related to Tronox (NYSE: TROX), which was spun out of Kerr-McGee in 2005 and subsequently declared Chapter 11 bankruptcy in 2009.
- [By Arie Goren]
Tronox Limited (TROX)
Tronox Limited produces and markets titanium ore and titanium dioxide in the Americas, Europe, and the Asia-Pacific.
Top 5 Chemical Companies To Invest In 2014: Hybrid Coating Technologies Inc (HCTI)
Hybrid Coating Technologies Inc. (HCT), incorporated on November 2, 2011, is a development-stage company. The Company's business is that of its wholly owned subsidiary, Nanotech Industries International Inc. (Nanotech). This business is the manufacturing and sale of alternative non-toxic (isocyanate-free) polyurethane, Green Polyurethane. The products manufactured and sold by the Company (Nanotech Products) comprise coating products and sealant products. Coatings and raw binder ingredients comprised of Green Polyurethane Monolithic Floor Coating and Green Polyurethane Binder and referred to as Coating Products. Sealants and adhesives comprised of Green Polyurethane and referred to as Sealant Products.
Applications for Green Polyurethane products markets include industrial and commercial buildings; civil applications for tunnels and bridges; private and public garages; chemical and food processing plants; Warehouses; Monolithic floorings for civil, industrial and military engineering; marine and aeronautic applications; industrial equipment for dairy and liquid fertilizer processing plants and delivery systems; military facilities and equipment, and protective coatings inside industrial and commercial pipes. The Company intends to establish full commercial-scale manufacturing for both of its products at Adhpro Adhesives Inc. (Adhpro Adhesives) in Magog, Quebec and Simpson Coatings Group Inc. (Simpson Coatings) in California through non-exclusive toll manufacturing agreements.
The Company competes with BASF, Sherwin Williams, PPG, Benjamin Moore, AKZO Nobel, Rust-Oleum and Sika AG.
Advisors' Opinion:- [By Peter Graham]
Last Friday, small cap stocks Tristar Wellness Solutions Inc (OTCMKTS: TWSI) jumped 14.94% while Hybrid Coating Technologies (OTCBB: HCTI) and Bulova Technologies Group, Inc (OTCMKTS: BTGI) sank 23.53% and 13.04%, respectively. It should be mentioned that only one of these small cap stocks appears to be the subject of paid promotions or investor relations type activities. So what will these three small cap stocks do for investors this week? Here is a quick reality check to help you decide on a trading or investing strategy:
- [By Peter Graham]
Small cap green stocks Hybrid Coating Technologies, Inc (OTCBB: HCTI), Pan Global Corp (OTCMKTS: PGLO) and Trans Global Group Inc (OTCMKTS: TGGI) have been getting some attention lately in various investment newsletters or alerts with two of these stocks also being the subject of some paid promotions. But will these small cap green stocks actually deliver some green in the form of greenbacks for investors? Let�� take off the green eyeshades and take a closer look:
Hybrid Coating Technologies, Inc (OTCBB: HCTI) Has Expanded Its Green TechnologySmall cap Hybrid Coating Technologies, Inc is a San Francisco-based innovator focused on improving the quality and safety of coatings and paint for industrial and commercial customers around the world and it�� the exclusive licensee of Green Polyurethane(TM) coatings and paint - the world's first-ever patent protected polyurethane-based coatings and paint products which eliminate toxic isocyanates from the entire production process (licensed by Nanotech Industries, Inc). On Friday, Hybrid Coating Technologies, Inc rose 2.13% to $0.48 for a market cap of $44.27 million plus HCTI is up 20% over the past year and down 96.9% since August 2009 according to Google Finance.
Top 5 Chemical Companies To Invest In 2014: Akzo Nobel NV (AKZOY)
Akzo Nobel N.V. (AkzoNobel) is a global paints and coatings company and a producer of specialty chemicals. The Company operates in three segments: Decorative Paints, Performance Coatings and Specialty Chemicals. During the year ended December 31, 2009, the Company two distributors in Continental Europe. During 2009, it also acquired SABA, Kronospan and Dow Powder Coatings assets. During 2009, it also divested Chemcraft Brazil and the non-stick businesses. In January 2009, the Company completed the acquisition of LII Europe. In June 2010, the Company completed the acquisition of the Dow Chemical company's powder coatings activities. In June 2010, the Company announced the sale of its National Starch business to Corn Products International. In June 2010, the Company announced the sale of its National Starch business to Corn Products International. In September 2010, the Company acquired Changzhou Prime Automotive Paint Co. In October 2010, Corn Products International, Inc. acquired National Starch, the specialty starches business of the Company.
Decorative Paints
The Decorative Paints segment supplies a range of interior and exterior decoration and protection products for both the professional and do-it-yourself markets. Its products include paints, lacquers and varnishes, as well as products for surface preparation (pre-deco products). Its architectural coatings include interior and exterior wall paints and trim paints (lacquers) for consumers and professionals. The wood care and specialty products include lacquers and varnishes for wood protection and decoration, and specialty coatings for metal, concrete and other critical building materials. Its pre-deco products include fillers, wall treatments, sealants and putties for consumers and professionals. Its building adhesives include tile and floor adhesives and floor leveling compounds used in the building and renovation industry; supplied for professional workers, such as tile, floor and parquet, layers, interior decorators ! and painters, and direct to medium-sized enterprises, wholesalers, specialized retailers.
Performance Coatings
The Company�� Performance Coatings segment serves a range of customers, including ship and yacht builders and architects, consumer electronics and appliance companies, steel manufacturers, the construction industry, furniture makers, aircraft, bus and truck producers, body shops and can makers. The Company offers metal and plastic coatings for a range of applications from huge industrial equipment to the mobile phones and music players, computers, espresso machines and sporting goods. It also offers corrosion and fire protection across a range of industries, including upstream and downstream oil and gas facilities, chemical and petrochemical installations, high value infrastructure, such as airports and stadia and power generation stations. The Company provides coatings for small and large aircraft. It also offers coatings for marine vessels, including commercial tankers, ferries and leisure craft, and act as a salt water barrier and to minimize the build-up of organic material.
Specialty Chemicals
The Company�� Specialty Chemicals products are used in a range of everyday products, such as ice cream, soups, disinfectants, plastics, soaps, detergents, cosmetics, paper and asphalt. Its Industrial Chemicals business mines salt through vacuum extraction. It�� used as a raw material for its own activities, as well as being an end product found in grocery stores under brand names, such as Jozo and Nezo. The Company offers products, such as chlorine (Industrial Chemicals) or chlorate (Pulp and Paper Chemicals). Its major products include cellulosic additives, chelates, additives, ethylene amines, salt specialties and sulfur derivatives.
Advisors' Opinion:- [By Victor Selva]
The company has a current ratio of 17.8% which is higher than the industry mean of 6.55%. Also, it's higher than the one registered by Akzo Nobel NV (AKZOY), Cabot Corporation (CBT) and Olin Corporation (OLN). For investors looking for a higher ROE, PPG Industries Inc. (PPG) could be the option.
- [By Rich Duprey]
In a move designed to strengthen the performance of its German decorative paints business,�Netherlands-based paint giant AkzoNobel (NASDAQOTH: AKZOY ) announced today that it is divesting to independent distributors that country's�paints stores for professionals.
- [By Lawrence Meyers]
VAL stock trades at about 18�timesFY14 estimates of $4.08. Even accounting for the 1.4% yield, it�� a tad bit pricey at 14% long-term EPS growth. But let�� look at competitors. PPG Industries (PPG) trades at 21�times�earnings on 11% long-term growth. Sherwin-Williams (SHW) trades at 24x earnings on 14.6% long-term growth. Akzo Nobel (AKZOY) trades at 16 times earnings on 11% growth.
Top 5 Chemical Companies To Invest In 2014: ICL Israel Chemicals Ltd (ISCHY.PK)
ICL Israel Chemicals Ltd (ICL) is an Israel-based company, engaged in the fertilizer and specialty chemical sectors. The company operates in three segments: Fertilizers, Industrial Products, and Performance Products. The Fertilizers segment is engaged in the production of standard, granular, fine red and white potash from three sources, as well as in the production of phosphates, such as phosphate rock, phosphoric acid, fertilizers and animal feed addictives. The Industrial Products segment produces flame retardants, such as brominates and organ phosphorus; elemental bromine, and other chemicals. In addition the Performance Products segment produces specialty phosphates, such as technical, food grade and electronic grade phosphoric acid, phosphate salts, food additives and wildfire safety products, as well as alumina and other chemicals. Advisors' Opinion:- [By Chris Damas]
I never thought Uralkali would get back together with Belaruskali as I expressed in this article written a day after the break-up roiled the fertilizer world, causing 20% plunges in the stocks of major producers such as Potash Corp (POT), Mosaic Company (MOS) and Israel Chemicals Ltd (ISCHY.PK).
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