Stelco Holdings Inc. (TSE:STL) to Issue $0.50 Quarterly Dividend

Stelco Holdings Inc. (TSE:STL) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Friday, May 17th will be paid a dividend of 0.50 per share on Friday, May 24th. This represents a $2.00 annualized dividend and a yield of ∞. The ex-dividend date is Thursday, May 16th.

Stelco Price Performance

Stelco has a 12 month low of C$21.00 and a 12 month high of C$26.50.

Stelco (TSE:STL) last announced its earnings results on Wednesday, February 21st. The company reported C$0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.16) by C$0.32. The firm had revenue of C$613.00 million during the quarter, compared to analyst estimates of C$624.61 million.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on STL. Stifel Canada raised shares of Stelco from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. National Bank Financial upgraded shares of Stelco from a “sector perform overweight” rating to an “outperform market weight” rating in a research note on Thursday, February 22nd.