Shares of Valhi Inc. (NYSE: VHI) surged 7.78% to close at $14.19 on November 8th, following the company's impressive third-quarter earnings report and dividend announcement.

For the third quarter, Valhi reported GAAP earnings per share of $2.01, significantly higher than analysts' expectations. The company also posted revenue of $533.6 million, a 13.8% increase year-over-year, driven by strong demand across its diverse range of businesses.

Additionally, Valhi declared a quarterly dividend of $0.08 per share, which will be payable on December 19th to shareholders of record as of November 29th. The company's consistent dividend payments and strong financial performance likely contributed to the positive investor sentiment and subsequent stock price surge.