Russel Metals Inc. (TSE:RUS) Declares $0.44 Quarterly Dividend

Russel Metals Inc. (TSE:RUS) announced a quarterly dividend on Thursday, May 28th, TickerTech Dividends reports. Investors of record on Monday, June 15th will be paid a dividend of 0.44 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, May 28th.

Russel Metals Trading Up 0.3%

Shares of RUS stock opened at C$59.77 on Tuesday. The stock has a market capitalization of C$3.28 billion, a PE ratio of 16.79, a P/E/G ratio of 0.59 and a beta of 0.95. Russel Metals has a 1-year low of C$39.09 and a 1-year high of C$60.41. The business has a 50-day moving average of C$51.69 and a 200 day moving average of C$47.33. The company has a debt-to-equity ratio of 29.50, a current ratio of 2.86 and a quick ratio of 1.44.

Russel Metals (TSE:RUS) last issued its earnings results on Tuesday, May 5th. The company reported C$1.30 earnings per share for the quarter. The company had revenue of C$1.42 billion during the quarter. Russel Metals had a return on equity of 12.22% and a net margin of 4.04%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Stifel Nicolaus raised their target price on Russel Metals from C$49.00 to C$58.50 and gave the company a “hold” rating in a research note on Thursday, May 7th. TD raised their target price on Russel Metals from C$63.00 to C$68.00 and gave the company a “buy” rating in a research note on Monday, May 11th. National Bank Financial lifted their price objective on Russel Metals from C$51.00 to C$52.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. BMO Capital Markets lifted their price objective on Russel Metals from C$51.00 to C$56.00 in a research note on Wednesday, May 6th. Finally, TD Securities lifted their price objective on Russel Metals from C$50.00 to C$57.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$59.50.

Russel Metals Company Profile

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.