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

Russel Metals Inc. (TSE:RUS) declared a quarterly dividend on Friday, August 28th, TickerTech Dividends reports. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.44 per share on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, August 28th.

Russel Metals Trading Down 2.2%

Shares of RUS opened at C$72.23 on Wednesday. The company has a current ratio of 2.61, a quick ratio of 1.44 and a debt-to-equity ratio of 27.88. Russel Metals has a 12-month low of C$39.09 and a 12-month high of C$83.12. The firm has a 50-day moving average price of C$68.56 and a 200 day moving average price of C$58.14. The firm has a market capitalization of C$3.97 billion, a P/E ratio of 18.43, a P/E/G ratio of 0.59 and a beta of 1.21.

Russel Metals (TSE:RUS) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.63 earnings per share (EPS) for the quarter. Russel Metals had a net margin of 4.04% and a return on equity of 13.09%. The firm had revenue of C$1.66 billion during the quarter.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Scotia increased their price target on shares of Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 7th. TD upped their price objective on Russel Metals from C$68.00 to C$94.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. National Bank Financial increased their price objective on Russel Metals from C$57.00 to C$75.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Royal Bank Of Canada raised their target price on Russel Metals from C$68.00 to C$92.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Finally, BMO Capital Markets lifted their target price on Russel Metals from C$51.00 to C$56.00 in a research report on Wednesday, May 6th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Russel Metals has an average rating of “Moderate Buy” and a consensus target price of C$76.89.

About Russel Metals

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.