Ryerson Holding Co. (RYI) to Issue Quarterly Dividend of $0.19 on March 20th

Ryerson Holding Co. (NYSE:RYI) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders of record on Thursday, March 6th will be paid a dividend of 0.1875 per share by the basic materials company on Thursday, March 20th. This represents a $0.75 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Thursday, March 6th.

Ryerson has increased its dividend payment by an average of 65.7% per year over the last three years. Ryerson has a payout ratio of 55.6% indicating that its dividend is sufficiently covered by earnings.

Ryerson Stock Up 5.6 %

Shares of RYI opened at $24.24 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06. Ryerson has a 1-year low of $17.18 and a 1-year high of $34.92. The firm has a 50 day simple moving average of $20.68 and a 200-day simple moving average of $21.13.

Ryerson (NYSE:RYI) last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.48) by $0.34. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. Analysts anticipate that Ryerson will post 1.2 earnings per share for the current year.

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.