Reliance, Inc. Plans Quarterly Dividend of $1.25 (NYSE:RS)

Reliance, Inc. (NYSE:RS) declared a quarterly dividend on Friday, April 17th. Investors of record on Friday, May 22nd will be given a dividend of 1.25 per share by the industrial products company on Friday, June 5th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, May 22nd.

Reliance has increased its dividend payment 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 dividend payout ratio of 25.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Reliance to earn $20.42 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 24.5%.

Reliance Price Performance

NYSE:RS opened at $357.09 on Wednesday. Reliance has a 1-year low of $260.31 and a 1-year high of $381.00. The company has a current ratio of 4.39, a quick ratio of 2.24 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $327.79 and a 200 day simple moving average of $312.22. The stock has a market capitalization of $18.23 billion, a PE ratio of 23.29, a P/E/G ratio of 1.11 and a beta of 0.95.

Reliance (NYSE:RS) last issued its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.63 by $0.53. The company had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Reliance had a net margin of 5.42% and a return on equity of 11.37%. Reliance’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.77 EPS. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, research analysts expect that Reliance will post 18.98 EPS for the current fiscal year.

Reliance Company Profile

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.