Stelco Holdings Inc (STLC) Announces $0.10 Quarterly Dividend

Stelco Holdings Inc (TSE:STLC) announced a quarterly dividend on Thursday, May 23rd, TickerTech reports. Shareholders of record on Friday, May 31st will be paid a dividend of 0.10 per share on Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Thursday, May 23rd.

Shares of Stelco stock opened at C$18.00 on Wednesday. The company has a debt-to-equity ratio of 20.12, a current ratio of 2.15 and a quick ratio of 1.29. Stelco has a 1-year low of C$13.60 and a 1-year high of C$27.48. The stock has a market cap of $1.52 billion and a price-to-earnings ratio of 6.00.

A number of brokerages have weighed in on STLC. National Bank Financial decreased their price target on Stelco from C$26.00 to C$21.00 and set an “outperform” rating for the company in a report on Thursday, March 28th. JPMorgan Chase & Co. decreased their price target on Stelco from C$31.00 to C$29.00 in a report on Friday, May 3rd. Finally, BMO Capital Markets decreased their price target on Stelco from C$26.00 to C$20.00 in a report on Friday, May 3rd.

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Stelco Company Profile

Stelco Holdings Inc is Canada-based company and owner of one of the technologically advanced integrated steelmaking facilities in North America. The Company produce flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products as well as metallurgical coke. With gauge, crown, and shape control, as well as reliable uniformity of mechanical properties, The Company’s steel products are supplied to customers in the construction, automotive and energy industries across Canada and the United States, as well as to a variety of steel service centers, which are regional distributors of steel products.

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Dividend History for Stelco (TSE:STLC)

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