Ryerson Holding Co. (NYSE:RYI) Plans Quarterly Dividend of $0.19

Ryerson Holding Co. (NYSE:RYI) announced a quarterly dividend on Tuesday, July 30th, Zacks reports. Stockholders of record on Thursday, September 5th will be paid a dividend of 0.188 per share by the basic materials company on Thursday, September 19th. This represents a $0.75 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Thursday, September 5th.

Ryerson has a payout ratio of 44.6% indicating that its dividend is sufficiently covered by earnings.

Ryerson Stock Down 8.3 %

Shares of NYSE RYI opened at $18.37 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 2.38 and a debt-to-equity ratio of 0.59. The company has a market cap of $609.72 million, a price-to-earnings ratio of 7.12 and a beta of 1.57. The firm’s 50-day simple moving average is $20.63 and its 200 day simple moving average is $25.37. Ryerson has a 12-month low of $17.57 and a 12-month high of $36.20.

Ryerson (NYSE:RYI) last announced its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. Ryerson had a return on equity of 7.27% and a net margin of 1.31%. The firm had revenue of $1.23 billion during the quarter. During the same quarter in the previous year, the business earned $1.06 earnings per share.

About Ryerson

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.