Russel Metals Inc. (TSE:RUS) Announces Quarterly Dividend of $0.38

Russel Metals Inc. (TSE:RUS) announced a quarterly dividend on Thursday, February 25th, TickerTech reports. Investors of record on Monday, March 15th will be given a dividend of 0.38 per share on Monday, March 15th. This represents a $1.52 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date of this dividend is Thursday, February 25th.

Shares of RUS opened at C$24.93 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 3.55 and a debt-to-equity ratio of 46.19. The company has a 50-day moving average price of C$24.14 and a two-hundred day moving average price of C$20.75. The stock has a market cap of C$1.55 billion and a price-to-earnings ratio of 63.92. Russel Metals has a 12 month low of C$10.97 and a 12 month high of C$26.59.

Several equities analysts recently commented on RUS shares. TD Securities raised their target price on Russel Metals from C$19.00 to C$26.00 and gave the stock a “hold” rating in a research report on Wednesday, January 27th. Laurentian Bank of Canada boosted their target price on shares of Russel Metals from C$22.00 to C$28.00 in a research note on Tuesday, February 9th. Royal Bank of Canada increased their target price on shares of Russel Metals from C$25.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Friday, February 12th. Laurentian lifted their price target on shares of Russel Metals from C$22.00 to C$28.00 in a report on Tuesday, February 9th. Finally, Scotiabank upped their price objective on shares of Russel Metals from C$26.00 to C$26.50 in a research note on Friday, February 12th.

In other news, Director Brian Robie Hedges sold 5,000 shares of the business’s stock in a transaction on Monday, December 14th. The stock was sold at an average price of C$22.00, for a total transaction of C$110,000.00. Following the completion of the sale, the director now owns 100,000 shares in the company, valued at C$2,200,000. Insiders sold a total of 20,605 shares of company stock valued at $439,769 over the last three months.

Russel Metals Company Profile

Russel Metals Inc, a metals distribution company, distributes steel and other metal products in North America. The company operates in three segments: Metal Service Centers, Energy Products, and Steel Distributors. The Metal Service Centers segment sells plates, flat rolled carbon, stainless steel, aluminum, and other non-ferrous specialty metal products, as well as general line steel products, such as plates, structural, bars, sheets, pipes, tubing, and hollow structural steel tubing.

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Dividend History for Russel Metals (TSE:RUS)

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