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

Ryerson Holding Co. (NYSE:RYI) declared a quarterly dividend on Tuesday, October 29th,RTT News reports. Stockholders of record on Thursday, December 5th will be given a dividend of 0.1875 per share by the basic materials company on Thursday, December 19th. This represents a $0.75 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Thursday, December 5th.

Ryerson has a payout ratio of 57.7% meaning its dividend is sufficiently covered by earnings.

Ryerson Trading Down 0.8 %

Shares of RYI stock opened at $25.50 on Tuesday. The firm has a market cap of $812.18 million, a P/E ratio of 41.80 and a beta of 1.54. Ryerson has a 12-month low of $17.57 and a 12-month high of $36.20. The company has a 50 day moving average of $22.58 and a 200-day moving average of $21.45. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62.

Ryerson (NYSE:RYI) last posted its earnings results on Tuesday, October 29th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.26). The business had revenue of $1.13 billion for the quarter. Ryerson had a net margin of 0.46% and a return on equity of 2.66%. During the same period in the previous year, the company earned $1.00 EPS.

Insider Transactions at Ryerson

In other news, EVP Mark S. Silver sold 9,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $24.56, for a total transaction of $221,040.00. Following the transaction, the executive vice president now owns 107,664 shares in the company, valued at $2,644,227.84. This represents a 7.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.88% of the company’s stock.

Ryerson Company Profile

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.