ArcelorMittal (MT) To Go Ex-Dividend on November 13th

ArcelorMittal (NYSE:MT) declared a quarterly dividend on Friday, February 13th. Stockholders of record on Friday, November 13th will be given a dividend of $0.15 per share by the basic materials company on Wednesday, December 2nd. This represents a $0.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th.

ArcelorMittal has a dividend payout ratio of 10.3% meaning its dividend is sufficiently covered by earnings. Analysts expect ArcelorMittal to earn $7.01 per share next year, which means the company should continue to be able to cover its $0.51 annual dividend with an expected future payout ratio of 7.3%.

ArcelorMittal Trading Up 2.3%

ArcelorMittal stock opened at $65.69 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.41 and a quick ratio of 0.53. ArcelorMittal has a one year low of $38.67 and a one year high of $79.68. The stock has a market capitalization of $50.91 billion, a PE ratio of 48.66, a price-to-earnings-growth ratio of 0.76 and a beta of 1.55. The business’s fifty day moving average is $66.94 and its 200 day moving average is $64.06.

ArcelorMittal (NYSE:MT) last issued its earnings results on Thursday, November 5th. The basic materials company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.35. ArcelorMittal had a return on equity of 4.89% and a net margin of 1.64%. The business had revenue of $16.47 billion during the quarter, compared to analyst estimates of $17.77 billion. During the same quarter in the previous year, the firm earned $0.62 EPS. ArcelorMittal’s revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts predict that ArcelorMittal will post 3.07 EPS for the current year.

About ArcelorMittal

ArcelorMittal is a global steel and mining company that produces steel products for customers across industries including automotive, construction, energy, appliances and packaging. Its offerings include flat and long steel products, as well as iron ore and metallurgical coal used in steelmaking. The company operates across the Americas, Europe and other regions, combining mining and steelmaking activities with research and product development. ArcelorMittal was formed in 2006 through the merger of Arcelor and Mittal Steel.