Nl Industries, Inc. Announces Increase In Dividend

02/09/2000 | Susan E. Alderton | Chief Financial Officer | (281) 423-3332

HOUSTON, TEXAS – February 9, 2000 – NL Industries, Inc. (NYSE:NL) announced that its Board of Directors has declared a regular quarterly dividend of fifteen cents per share on its common stock, payable March 31, 2000 to shareholders of record March 16, 2000. J. Landis Martin, President and CEO, said, "In light of the positive outlook for the titanium dioxide industry and NL's significant liquidity and strong balance sheet, we are pleased to announce a substantial increase in our dividend."

NL Industries, Inc. is a major international producer of titanium dioxide pigments.

Corporate Profile

NL Industries, Inc., through its subsidiary, CompX International, Inc., engages in the manufacture and sale of precision ball bearing slides, security products, and ergonomic computer support systems used in office furniture, computer-related, and other applications. It sells its products to original equipment manufacturers and distributors in North America and Taiwan. NL Industries was organized in 1891 and is based in Dallas, Texas. NL Industries, Inc. is a subsidiary of Valhi, Inc.

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