Tree Island Steel Ltd. Declares Quarterly Dividend of $0.02 (TSE:TSL)

Tree Island Steel Ltd. (TSE:TSL) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.015 per share on Tuesday, April 15th. This represents a $0.06 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, March 31st.

Tree Island Steel Price Performance

Shares of TSE:TSL traded down C$0.01 during trading on Friday, hitting C$2.59. 2,940 shares of the company’s stock were exchanged, compared to its average volume of 13,131. The business’s 50-day simple moving average is C$2.83 and its 200 day simple moving average is C$2.87. The company has a market cap of C$66.70 million, a price-to-earnings ratio of -26.71 and a beta of 0.96. Tree Island Steel has a 52-week low of C$2.45 and a 52-week high of C$3.38. The company has a debt-to-equity ratio of 21.28, a current ratio of 5.14 and a quick ratio of 1.75.

About Tree Island Steel

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers low-carbon and high-carbon galvanized steel wires; clean and bright wire for industrial and original equipment manufacturer customers; agricultural products, including fencing, barbed wire, galvanized wire, and bright wire, as well as other fabricated wire products specifically for farming, ranching, and vineyards; welded wire concrete reinforcing mesh and other fabricated wire products for heavy construction industry and infrastructure projects; and nails and stucco reinforcing products for residential and light commercial construction.