Ferroglobe PLC (GSM) To Go Ex-Dividend on September 20th

Ferroglobe PLC (NASDAQ:GSM) announced a quarterly dividend on Monday, August 5th, Zacks reports. Investors of record on Friday, September 20th will be paid a dividend of 0.013 per share by the basic materials company on Friday, September 27th. This represents a $0.05 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Friday, September 20th.

Ferroglobe has a dividend payout ratio of 8.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ferroglobe to earn $0.57 per share next year, which means the company should continue to be able to cover its $0.05 annual dividend with an expected future payout ratio of 8.8%.

Ferroglobe Stock Performance

NASDAQ:GSM traded down $0.12 during trading hours on Wednesday, reaching $4.68. The stock had a trading volume of 189,029 shares, compared to its average volume of 1,392,541. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.02 and a current ratio of 1.74. The stock has a 50 day simple moving average of $5.53 and a 200 day simple moving average of $5.27. Ferroglobe has a 12-month low of $4.26 and a 12-month high of $6.78. The stock has a market cap of $877.19 million, a P/E ratio of 13.76 and a beta of 1.87.

Ferroglobe (NASDAQ:GSM) last released its earnings results on Monday, August 5th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. Ferroglobe had a return on equity of 15.06% and a net margin of 3.92%. The business had revenue of $451.05 million during the quarter, compared to the consensus estimate of $425.55 million. During the same period last year, the business posted $0.30 earnings per share. On average, research analysts forecast that Ferroglobe will post 0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Ferroglobe from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd.

Ferroglobe Company Profile

Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.