United States Steel Co. (NYSE:X) Plans Dividend of $0.05

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United States Steel Co. (NYSE:X) declared a dividend on Thursday, October 31st, Fidelity reports. Investors of record on Wednesday, November 13th will be given a dividend of 0.05 per share by the basic materials company on Tuesday, December 10th. The ex-dividend date is Tuesday, November 12th.

NYSE X opened at $13.57 on Friday. United States Steel has a twelve month low of $9.93 and a twelve month high of $28.28. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.69 and a current ratio of 1.42. The stock has a market capitalization of $2.23 billion, a PE ratio of 2.53, a P/E/G ratio of 29.77 and a beta of 3.04. The stock has a 50-day simple moving average of $11.50 and a 200 day simple moving average of $13.18.

United States Steel (NYSE:X) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.08. United States Steel had a return on equity of 10.57% and a net margin of 4.56%. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the firm earned $1.79 EPS. The firm’s revenue was down 17.7% compared to the same quarter last year. As a group, equities research analysts forecast that United States Steel will post 0.06 EPS for the current fiscal year.

Several equities analysts have commented on the company. Barclays assumed coverage on United States Steel in a report on Friday, September 6th. They issued an “overweight” rating for the company. Macquarie cut United States Steel from an “outperform” rating to an “underperform” rating and cut their price target for the company from $18.00 to $9.00 in a report on Thursday, September 19th. Credit Suisse Group cut their price target on United States Steel from $9.00 to $8.00 and set an “underperform” rating for the company in a report on Thursday, September 19th. Cfra cut United States Steel from a “sell” rating to a “strong sell” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. cut United States Steel from an “overweight” rating to a “neutral” rating and cut their price target for the company from $26.00 to $14.00 in a report on Monday, September 23rd. Seven investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $16.55.

About United States Steel

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: North American Flat-Rolled (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke.

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Dividend History for United States Steel (NYSE:X)

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