Stelco Holdings Inc (STLC) To Go Ex-Dividend on May 16th

Stelco Holdings Inc (TSE:STLC) announced a quarterly dividend on Thursday, May 16th, TickerTech reports. Shareholders of record on Friday, May 24th will be given a dividend of 0.50 per share on Friday, May 24th. This represents a $2.00 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date is Thursday, May 16th.

Stelco Stock Performance

TSE:STLC traded down C$0.28 during mid-day trading on Tuesday, reaching C$42.40. The stock had a trading volume of 29,262 shares, compared to its average volume of 177,698. The firm has a market capitalization of C$2.33 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 0.03 and a beta of 2.40. The business has a 50 day simple moving average of C$41.79 and a 200 day simple moving average of C$42.90. Stelco has a twelve month low of C$32.93 and a twelve month high of C$51.10. The company has a debt-to-equity ratio of 58.19, a quick ratio of 1.55 and a current ratio of 2.07.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on STLC. National Bankshares dropped their price target on Stelco from C$54.00 to C$52.00 in a research report on Friday. Cormark reduced their price objective on shares of Stelco from C$60.00 to C$58.50 in a research note on Wednesday, May 1st. Stifel Nicolaus lowered their target price on shares of Stelco from C$49.00 to C$47.00 in a research note on Friday. JPMorgan Chase & Co. decreased their price objective on Stelco from C$56.00 to C$50.00 and set an “overweight” rating on the stock in a report on Friday, February 23rd. Finally, UBS Group set a C$51.00 target price on Stelco and gave the stock a “neutral” rating in a research report on Tuesday, January 16th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Stelco has an average rating of “Moderate Buy” and a consensus price target of C$50.61.

Stelco Company Profile

Stelco Holdings Inc is Canada-based company and owner of one of the technologically advanced integrated steelmaking facilities in North America. The Company produce flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products as well as metallurgical coke. With gauge, crown, and shape control, as well as reliable uniformity of mechanical properties, The Company’s steel products are supplied to customers in the construction, automotive and energy industries across Canada and the United States, as well as to a variety of steel service centers, which are regional distributors of steel products.