Ferroglobe PLC (GSM) to Issue Quarterly Dividend of $0.02 on March 30th

Ferroglobe PLC (NASDAQ:GSM) announced a quarterly dividend on Tuesday, February 17th. Investors of record on Monday, March 23rd will be given a dividend of 0.015 per share by the basic materials company on Monday, March 30th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, March 23rd. This is a 7.1% increase from Ferroglobe’s previous quarterly dividend of $0.01.

Ferroglobe has a payout ratio of 10.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ferroglobe to earn $0.59 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 10.2%.

Ferroglobe Price Performance

Shares of NASDAQ GSM opened at $3.74 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.66 and a quick ratio of 0.97. Ferroglobe has a 1-year low of $2.97 and a 1-year high of $5.74. The business’s fifty day moving average price is $4.92 and its two-hundred day moving average price is $4.67. The firm has a market capitalization of $698.00 million, a PE ratio of -4.07 and a beta of 0.93.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings data on Tuesday, February 17th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $329.38 million during the quarter, compared to analyst estimates of $293.60 million. Ferroglobe had a negative return on equity of 8.65% and a negative net margin of 12.78%. On average, research analysts expect that Ferroglobe will post 0.33 EPS for the current year.

About Ferroglobe

Ferroglobe PLC is a leading producer of specialty metals and alloys, serving a diverse range of industrial customers worldwide. The company’s core operations focus on the manufacture of silicon metal, silicon-based alloys, manganese-based alloys and rare earth alloys, which are essential inputs for the aluminum, steel, chemical and electronics industries. Ferroglobe’s product portfolio includes high-purity silicon, ferrosilicon, silicon manganese, manganese alloys and various recarburizers used to enhance metal strength, durability and conductivity.

With production facilities located across North America, Europe, South America and Africa, Ferroglobe maintains a global footprint that allows it to supply customers on multiple continents.