Russel Metals Inc (TSE:RUS) announced a quarterly dividend on Tuesday, February 26th, TickerTech reports. Stockholders of record on Friday, March 15th will be given a dividend of 0.38 per share on Friday, March 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date of this dividend is Tuesday, February 26th.
TSE RUS opened at C$24.71 on Thursday. Russel Metals has a 52-week low of C$19.72 and a 52-week high of C$32.16. The company has a quick ratio of 1.08, a current ratio of 2.74 and a debt-to-equity ratio of 56.93. The firm has a market cap of $1.50 billion and a PE ratio of 7.02.
In other Russel Metals news, insider William Michael O’reilly purchased 1,400 shares of the stock in a transaction on Monday, December 10th. The stock was acquired at an average cost of C$21.20 per share, with a total value of C$29,680.00. Insiders acquired 6,906 shares of company stock valued at $147,737 over the last three months.
A number of research firms have recently issued reports on RUS. TD Securities dropped their price objective on shares of Russel Metals from C$39.00 to C$34.00 and set a “buy” rating for the company in a report on Friday, November 9th. Raymond James set a C$31.00 price objective on shares of Russel Metals and gave the stock a “strong-buy” rating in a report on Friday, February 8th. Finally, Royal Bank of Canada dropped their price objective on shares of Russel Metals from C$32.00 to C$28.00 in a report on Monday, February 4th.
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Russel Metals Company Profile
Russel Metals Inc processes and distributes steel and other metal products in North America. The company operates in three segments: Metals Service Centers, Energy Products, and Steel Distributors. The Metals Service Centers segment purchases metal products from steel producers; and packages, processes, and sells carbon hot rolled and cold finished steel, pipe and tubular, and stainless steel and aluminum products, as well as other non-ferrous specialty metals in a range of sizes, shapes, and specifications.
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