Olympic Steel, Inc. (NASDAQ:ZEUS – Get Free Report) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.15 per share by the basic materials company on Monday, December 16th. This represents a $0.60 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Monday, December 2nd.
Olympic Steel has raised its dividend by an average of 84.2% annually over the last three years. Olympic Steel has a payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings.
Olympic Steel Stock Performance
Shares of Olympic Steel stock opened at $34.57 on Friday. The firm has a market cap of $384.76 million, a PE ratio of 15.16 and a beta of 1.47. Olympic Steel has a 1 year low of $32.23 and a 1 year high of $73.49. The firm’s 50-day simple moving average is $38.31 and its 200-day simple moving average is $45.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.43 and a current ratio of 3.77.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Olympic Steel from a “buy” rating to a “hold” rating in a report on Friday, October 25th.
Check Out Our Latest Research Report on Olympic Steel
Olympic Steel Company Profile
Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates.
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