DALLAS, Feb 19, 2004 /PRNewswire-FirstCall via COMTEX/ -- NL Industries, Inc. (NYSE: NL) announced that its board of directors has declared a regular quarterly dividend equal to twenty cents per share on its common stock. The dividend will be paid in the form of common stock of Kronos Worldwide, Inc. ("Kronos") (NYSE: KRO) owned by the Company, valued based on the closing sale price of Kronos common stock on February 18, 2004 of $28.00 per share. The dividend is payable on March 29, 2004 to shareholders of record at the close of business on March 11, 2004. Shareholders will receive cash in lieu of fractional shares of Kronos common stock to be paid in the dividend.
NL Industries, Inc. is a major international producer of titanium dioxide pigments.
SOURCE NL Industries, Inc.
Gregory M. Swalwell, Vice President, Finance of NL Industries, Inc., +1-972-450-4228
http://www.nl-ind.com