Russel Metals Inc. (TSE:RUS) to Issue Quarterly Dividend of $0.42

Russel Metals Inc. (TSE:RUS) declared a quarterly dividend on Wednesday, November 6th,TickerTech Dividends reports. Investors of record on Wednesday, November 27th will be paid a dividend of 0.42 per share on Monday, December 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Wednesday, November 27th.

Russel Metals Price Performance

Shares of TSE RUS traded down C$0.03 during mid-day trading on Friday, reaching C$43.73. The company had a trading volume of 45,225 shares, compared to its average volume of 184,835. The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44 and a current ratio of 3.85. Russel Metals has a one year low of C$35.20 and a one year high of C$47.39. The firm has a market cap of C$2.57 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 0.59 and a beta of 1.52. The business’s 50-day simple moving average is C$39.43 and its 200 day simple moving average is C$38.68.

Russel Metals (TSE:RUS) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.59 EPS for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.02). Russel Metals had a return on equity of 12.67% and a net margin of 4.87%. The company had revenue of C$1.09 billion during the quarter, compared to the consensus estimate of C$1.06 billion.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. National Bankshares decreased their target price on Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. BMO Capital Markets decreased their target price on Russel Metals from C$46.00 to C$45.00 in a research report on Wednesday, July 24th. TD Securities upgraded Russel Metals from a “hold” rating to a “buy” rating and lifted their target price for the company from C$44.00 to C$46.00 in a research report on Monday, September 16th. Finally, Stifel Nicolaus decreased their target price on Russel Metals from C$55.00 to C$52.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Russel Metals currently has a consensus rating of “Moderate Buy” and an average target price of C$46.93.

About Russel Metals

Russel Metals Inc operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products.