Commercial Metals Company (NYSE:CMC) Declares $0.18 Quarterly Dividend

Commercial Metals Company (NYSE:CMC) announced a quarterly dividend on Monday, January 5th. Stockholders of record on Monday, January 19th will be given a dividend of 0.18 per share by the basic materials company on Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, January 16th.

Commercial Metals has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Commercial Metals has a dividend payout ratio of 16.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Commercial Metals to earn $4.69 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 15.4%.

Commercial Metals Stock Up 1.4%

Shares of NYSE:CMC opened at $72.77 on Tuesday. The company has a market cap of $8.08 billion, a PE ratio of 95.75, a price-to-earnings-growth ratio of 0.40 and a beta of 1.49. The firm has a 50 day simple moving average of $64.62 and a 200 day simple moving average of $58.78. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.03 and a current ratio of 2.78. Commercial Metals has a 52 week low of $37.92 and a 52 week high of $73.89.

Commercial Metals (NYSE:CMC) last posted its quarterly earnings results on Thursday, October 16th. The basic materials company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.05. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Commercial Metals had a return on equity of 8.76% and a net margin of 1.09%.Commercial Metals’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 earnings per share. As a group, research analysts expect that Commercial Metals will post 3.09 earnings per share for the current year.

Commercial Metals Company Profile

Commercial Metals Company (NYSE: CMC) is a leading global steel and metal recycler, manufacturer and fabricator based in Irving, Texas. The company operates an integrated network of scrap recycling facilities, electric arc furnace steel mills, metal fabrication plants and distribution centers. Through these operations, Commercial Metals collects and processes ferrous scrap to produce finished steel products and provides recycled metal to a variety of end markets.

In its steelmaking segment, CMC uses electric arc furnace technology to transform recycled scrap into reinforcing bar (rebar), merchant bar, coil and structural products.