|Bid||10.75 x 2200|
|Ask||11.05 x 800|
|Day's Range||10.86 - 10.89|
|52 Week Range||9.02 - 83,129,792.00|
|Beta (5Y Monthly)||2.30|
|PE Ratio (TTM)||5.67|
|Forward Dividend & Yield||0.32 (3.15%)|
|Ex-Dividend Date||Jun 15, 2020|
|1y Target Est||N/A|
Valhi, Inc. (NYSE: VHI) announced that at its annual stockholder meeting held today, its stockholders approved a reverse stock split of the company’s common stock and that, following the stockholder approval, its board of directors established a reverse stock split ratio of 1-for-12. The reverse stock split is expected to occur on June 1, 2020, with trading to begin on a split-adjusted basis on the New York Stock Exchange (NYSE) at the market open on June 2, 2020. Trading in the common stock will continue on the NYSE under the symbol “VHI” but the security will be assigned a new CUSIP number.
Dallas, Texas, May 07, 2020 -- Valhi, Inc. (NYSE: VHI) reported net income attributable to Valhi stockholders of $24.4 million, or $.07 per diluted share, in the first quarter.
Valhi, Inc. (NYSE: VHI) announced today that, as disclosed in its proxy statement filed with the Securities and Exchange Commission on April 7, 2020, its stockholders will vote on a proposal to approve a reverse stock split of Valhi’s common stock at a reverse stock split ratio of 1-for-8, 1-for-10 or 1-for-12, as determined by its board of directors following stockholder approval, at its annual meeting of stockholders scheduled to be held on May 28, 2020. As disclosed in the proxy statement, Valhi’s controlling stockholder has indicated its intention to have its shares represented at the meeting and to vote its shares in favor of the reverse stock split proposal, in which case the proposal will be approved. The company expects to effect the reverse stock split promptly following the annual meeting, at the reverse stock split ratio selected by the board immediately following the stockholders meeting.