Reliance, Inc. (NYSE:RS) Increases Dividend to $1.25 Per Share

Reliance, Inc. (NYSE:RS) declared a quarterly dividend on Wednesday, February 18th. Shareholders of record on Friday, March 6th will be given a dividend of 1.25 per share by the industrial products company on Friday, March 20th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, March 6th. This is a 4.2% increase from Reliance’s previous quarterly dividend of $1.20.

Reliance has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Reliance has a payout ratio of 24.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Reliance to earn $18.12 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 26.5%.

Reliance Price Performance

Reliance stock opened at $336.49 on Thursday. The company has a market cap of $17.59 billion, a P/E ratio of 24.60, a price-to-earnings-growth ratio of 2.03 and a beta of 0.92. Reliance has a one year low of $250.07 and a one year high of $365.59. The business has a fifty day moving average of $316.69 and a two-hundred day moving average of $294.58. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.08 and a current ratio of 4.43.

Reliance (NYSE:RS) last posted its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.40). Reliance had a return on equity of 10.37% and a net margin of 5.23%.The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same period last year, the company earned $2.22 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. As a group, analysts predict that Reliance will post 16.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Reliance

In related news, CEO Karla R. Lewis sold 5,809 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $283.50, for a total transaction of $1,646,851.50. Following the sale, the chief executive officer owned 84,421 shares of the company’s stock, valued at $23,933,353.50. This trade represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stephen Paul Koch sold 3,066 shares of Reliance stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $283.56, for a total value of $869,394.96. Following the sale, the chief operating officer owned 14,021 shares of the company’s stock, valued at approximately $3,975,794.76. This represents a 17.94% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Reliance

Several hedge funds have recently modified their holdings of RS. First Citizens Bank & Trust Co. lifted its position in shares of Reliance by 1.7% during the 4th quarter. First Citizens Bank & Trust Co. now owns 2,036 shares of the industrial products company’s stock worth $588,000 after purchasing an additional 35 shares during the last quarter. Masso Torrence Wealth Management Inc. boosted its position in shares of Reliance by 3.3% in the third quarter. Masso Torrence Wealth Management Inc. now owns 1,148 shares of the industrial products company’s stock valued at $322,000 after acquiring an additional 37 shares during the period. Kathmere Capital Management LLC grew its stake in shares of Reliance by 4.9% in the fourth quarter. Kathmere Capital Management LLC now owns 786 shares of the industrial products company’s stock worth $227,000 after acquiring an additional 37 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Reliance by 13.2% in the third quarter. Farther Finance Advisors LLC now owns 325 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 38 shares during the last quarter. Finally, Choreo LLC increased its position in Reliance by 2.9% during the third quarter. Choreo LLC now owns 1,366 shares of the industrial products company’s stock worth $383,000 after acquiring an additional 39 shares during the period. 79.26% of the stock is owned by institutional investors and hedge funds.

About Reliance

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.