Ryerson Holding Co. (NYSE:RYI) Announces $0.19 Quarterly Dividend

Ryerson Holding Co. (NYSE:RYI) declared a quarterly dividend on Tuesday, October 29th, RTT News reports. Stockholders of record on Thursday, December 5th will be paid a dividend of 0.1875 per share by the basic materials company on Thursday, December 19th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.39%.

Ryerson has a payout ratio of 48.7% indicating that its dividend is sufficiently covered by earnings.

Ryerson Price Performance

RYI traded down $0.32 on Wednesday, hitting $22.10. 27,956 shares of the company’s stock were exchanged, compared to its average volume of 312,588. Ryerson has a fifty-two week low of $17.57 and a fifty-two week high of $36.20. The stock has a market cap of $733.72 million, a price-to-earnings ratio of 12.25 and a beta of 1.56. The company has a current ratio of 2.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $20.03 and a 200-day moving average price of $21.89.

Ryerson (NYSE:RYI) last issued its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.13. Ryerson had a net margin of 1.31% and a return on equity of 7.27%. The business had revenue of $1.23 billion for the quarter. During the same period in the prior year, the company posted $1.06 EPS.

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.