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Minerals Technologies (Minerals Technologies) 3-Year Dividend Growth Rate

: 7.70% (As of Dec. 2023)
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Minerals Technologies's Dividends per Share for the three months ended in Dec. 2023 was $0.10.

The historical rank and industry rank for Minerals Technologies's 3-Year Dividend Growth Rate or its related term are showing as below:

MTX' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 7.7   Med: 26   Max: 26
Current: 7.7

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Minerals Technologies was 26.00% per year. The lowest was 7.70% per year. And the median was 26.00% per year.

MTX's 3-Year Dividend Growth Rate is ranked worse than
51.72% of 696 companies
in the Chemicals industry
Industry Median: 9.45 vs MTX: 7.70

During the past 12 months, Minerals Technologies's average Dividends Per Share Growth Rate was 25.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 7.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 3.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 1.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Minerals Technologies's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.08. As of today, Minerals Technologies's Dividend Yield % is 0.42%.

Good Sign:

Minerals Technologies Inc stock dividend yield is close to 3-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Specialty Chemicals subindustry, Minerals Technologies's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Minerals Technologies 3-Year Dividend Growth Rate Distribution

For the Chemicals industry and Basic Materials sector, Minerals Technologies's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Minerals Technologies's 3-Year Dividend Growth Rate falls into.



Minerals Technologies 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Minerals Technologies  (NYSE:MTX) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Minerals Technologies's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.1/ 1.28
=0.08

During the past 13 years, the highest Dividend Payout Ratio of Minerals Technologies was 0.05. The lowest was 0.03. And the median was 0.04.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Minerals Technologies Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1002024-02-142024-02-152024-03-07Cash DividendquarterlyUSD:USD 1.000000
USD 0.1002023-10-312023-11-012023-12-07Cash DividendquarterlyUSD:USD 1.000000
USD 0.0502023-08-172023-08-182023-09-08Cash DividendquarterlyUSD:USD 1.000000
USD 0.0502023-05-312023-06-012023-06-15Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Minerals Technologies's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.3/72.18
=0.42 %

Current Share Price is $72.18.
Minerals Technologies's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.3.

During the past 13 years, the highest Dividend Yield of Minerals Technologies was 0.66%. The lowest was 0.23%. And the median was 0.33%.

Good Sign:

Minerals Technologies Inc stock dividend yield is close to 3-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Minerals Technologies 3-Year Dividend Growth Rate Related Terms>


Minerals Technologies (Minerals Technologies) Business Description

Traded in Other Exchanges
Address
622 Third Avenue, 38th Floor, New York, NY, USA, 10017-6707
Minerals Technologies Inc mines, produces, and sells mineral-based products. The firm organizes itself into three segments based on product type. The specialty minerals segment, sells calcium carbonate, limestone, and talc, which is used in the paper, building materials, paint, automotive, and pharmaceutical industries. The refractories segment sells products for steel furnaces. The performance materials segment sells bentonite used in steel alloy casting and household products including cat litter. The majority of revenue comes from the United States.
Executives
Dj Iii Monagle officer: Vice President C/O MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
Brett Argirakis officer: Vice President 622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Michael Cipolla officer: CONTROLLER C/O MINERALS TECHNOLOGIES INC, 622 THIRD AVENUE, NEW YORK NY 10017
Douglas T Dietrich officer: Vice President 622 THIRD AVENUE, NEW YORK X1 10017
Jonathan J Hastings officer: Vice President 622 THIRD AVENUE, NEW YORK NY 10017
Rocky Motwani director MINERALS TECHNOLOGIES INC., 622 3RD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Marc E Robinson director MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
Joseph C. Breunig director 622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Alison Ann Deans director C/O NEUBERGER BERMAN, LLC, 605 THIRD AVENUE, NEW YORK NY 10158-3698
Franklin Feder director MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
John J Carmola director 622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Robert L Clark director C/O MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
Carolyn K Pittman director 622 THIRD AVENUE 38TH FL, MINERALS TECHNOLOGIES, NEW YORK NY 10017
Timothy Jordan officer: Vice President 622 3RD AVENUE, 38TH FL, NEW YORK NY 10017
Thomas J Meek officer: Vice President C/O MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017