Ferroglobe PLC (GSM) to Issue Quarterly Dividend of $0.01 on December 27th

Ferroglobe PLC (NASDAQ:GSM) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Friday, December 20th will be given a dividend of 0.013 per share by the basic materials company on Friday, December 27th. This represents a $0.05 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Friday, December 20th.

Ferroglobe has a dividend payout ratio of 10.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ferroglobe to earn $0.49 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 10.2%.

Ferroglobe Stock Down 1.5 %

Shares of NASDAQ GSM opened at $4.02 on Wednesday. The stock has a market capitalization of $753.48 million, a price-to-earnings ratio of 16.75 and a beta of 1.86. Ferroglobe has a 12-month low of $3.99 and a 12-month high of $6.78. The company has a current ratio of 1.83, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average price is $4.34 and its 200-day moving average price is $4.75.

Ferroglobe (NASDAQ:GSM) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.05). Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. The company had revenue of $433.53 million during the quarter, compared to the consensus estimate of $443.50 million. During the same period in the previous year, the business earned $0.27 earnings per share. On average, equities research analysts anticipate that Ferroglobe will post 0.28 EPS for the current fiscal year.

About Ferroglobe

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys 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; and silicon metal for primary and secondary aluminum producers.