Olympic Steel, Inc. (NASDAQ:ZEUS – Get Free Report) declared a quarterly dividend on Thursday, August 1st, NASDAQ reports. Investors of record on Monday, September 2nd will be given a dividend of 0.15 per share by the basic materials company on Monday, September 16th. This represents a $0.60 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, August 30th.
Olympic Steel has raised its dividend payment by an average of 84.2% per year over the last three years. Olympic Steel has a dividend payout ratio of 19.9% indicating that its dividend is sufficiently covered by earnings.
Olympic Steel Stock Performance
ZEUS stock traded down $2.58 during midday trading on Friday, hitting $44.84. 100,720 shares of the stock traded hands, compared to its average volume of 85,631. Olympic Steel has a 1-year low of $40.39 and a 1-year high of $73.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.28 and a quick ratio of 1.21. The stock’s fifty day simple moving average is $47.36 and its 200-day simple moving average is $59.11. The firm has a market cap of $499.07 million, a P/E ratio of 11.96 and a beta of 1.52.
About Olympic Steel
Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates.
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