Ferroglobe PLC (NASDAQ:GSM) Announces Quarterly Dividend of $0.01

Ferroglobe PLC (NASDAQ:GSM) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Tuesday, September 22nd will be given a dividend of 0.015 per share by the basic materials company on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 22nd.

Ferroglobe has a dividend payout ratio of 10.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ferroglobe to earn $0.41 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 14.6%.

Ferroglobe Price Performance

NASDAQ:GSM traded up $0.73 during midday trading on Wednesday, hitting $4.15. 5,781,774 shares of the stock were exchanged, compared to its average volume of 1,432,703. Ferroglobe has a one year low of $3.08 and a one year high of $5.74. The company has a market capitalization of $774.51 million, a price-to-earnings ratio of -6.92 and a beta of 1.02. The business has a 50-day moving average price of $3.61 and a two-hundred day moving average price of $4.24. The company has a current ratio of 1.43, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings results on Tuesday, March 31st. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter. Ferroglobe had a negative net margin of 8.09% and a negative return on equity of 5.63%. The firm had revenue of $347.75 million for the quarter. Sell-side analysts predict that Ferroglobe will post -0.14 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.