Tree Island Steel Ltd. (TSL) To Go Ex-Dividend on September 27th

Tree Island Steel Ltd. (TSE:TSL) announced a quarterly dividend on Monday, September 16th, Zacks reports. Shareholders of record on Friday, September 27th will be paid a dividend of 0.03 per share on Tuesday, October 15th. This represents a $0.12 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend is Friday, September 27th.

Tree Island Steel Trading Up 0.8 %

Shares of TSL stock opened at C$2.61 on Wednesday. Tree Island Steel has a fifty-two week low of C$2.48 and a fifty-two week high of C$3.70. The company has a 50 day moving average price of C$2.77 and a 200 day moving average price of C$3.03. The stock has a market capitalization of C$68.25 million, a P/E ratio of 52.20 and a beta of 0.97. The company has a debt-to-equity ratio of 21.10, a quick ratio of 1.75 and a current ratio of 5.39.

Tree Island Steel (TSE:TSL) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.02 EPS for the quarter. The business had revenue of C$57.72 million during the quarter. Tree Island Steel had a net margin of 0.61% and a return on equity of 1.01%. Equities research analysts predict that Tree Island Steel will post 0.3627312 EPS for the current fiscal year.

About Tree Island Steel

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers low-carbon and high-carbon galvanized steel wires; clean and bright wire for industrial and original equipment manufacturer customers; agricultural products, including fencing, barbed wire, galvanized wire, and bright wire, as well as other fabricated wire products specifically for farming, ranching, and vineyards; welded wire concrete reinforcing mesh and other fabricated wire products for heavy construction industry and infrastructure projects; and nails and stucco reinforcing products for residential and light commercial construction.