Sims Metal Management Ltd (ASX:SGM) Announces $0.19 Final Dividend

Sims Metal Management Ltd (ASX:SGM) announced a final dividend on Friday, September 13th, MarketIndexAU reports. Stockholders of record on Friday, October 18th will be given a dividend of 0.19 per share on Friday, October 18th. This represents a dividend yield of 1.51%. The ex-dividend date is Thursday, October 3rd.

Shares of Sims Metal Management stock traded down A$0.03 ($0.02) during trading on Friday, reaching A$12.57 ($8.91). 1,107,989 shares of the stock were exchanged, compared to its average volume of 1,160,000. Sims Metal Management has a 1 year low of A$8.91 ($6.32) and a 1 year high of A$13.87 ($9.84). The company has a quick ratio of 1.14, a current ratio of 1.87 and a debt-to-equity ratio of 1.54. The stock’s fifty day moving average is A$10.26 and its 200 day moving average is A$10.45. The firm has a market cap of $2.55 billion and a price-to-earnings ratio of 16.94.

About Sims Metal Management

Sims Metal Management Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals. The company operates through five segments: North America Metals, Investment in SA Recycling, Australia/New Zealand, Metals, Europe Metals, and Global E-Recycling. It is involved in the collection, processing, and trading of iron and steel secondary raw materials; and other metal alloys and residues, principally aluminum, lead, copper, zinc, and nickel bearing materials.

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