DALLAS, Oct 21, 2004 /PRNewswire-FirstCall via COMTEX/ -- NL Industries, Inc. (NYSE: NL) announced that its board of directors has declared a regular quarterly dividend of twenty cents per share on its common stock. The dividend will be paid in the form of common stock of Kronos Worldwide, Inc. (NYSE: KRO) owned by NL, valued based on the closing sales price of Kronos Worldwide common stock on October 20, 2004 of $39.12 per share. The dividend is payable on December 29, 2004 to shareholders of record at the close of business on December 13, 2004. Shareholders will receive cash in lieu of fractional shares of Kronos Worldwide common stock.
NL Industries, Inc. is a major international producer of titanium dioxide pigments through its subsidiary, Kronos Worldwide.
SOURCE NL Industries, Inc.
Gregory M. Swalwell, Vice President, Finance and Chief Financial Officer of NL Industries, Inc., +1-972-233-1700
http://www.nl-ind.com