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

Russel Metals Inc. (TSE:RUSGet Rating) announced a quarterly dividend on Friday, November 25th, TickerTech reports. Investors of record on Thursday, December 15th will be paid a dividend of 0.38 per share on Thursday, December 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend is Friday, November 25th.

Russel Metals Stock Up 0.9 %

Shares of TSE:RUS opened at C$29.14 on Wednesday. The company has a current ratio of 3.21, a quick ratio of 1.44 and a debt-to-equity ratio of 27.05. The company has a fifty day simple moving average of C$27.26 and a 200 day simple moving average of C$27.99. The firm has a market cap of C$1.82 billion and a PE ratio of 4.44. Russel Metals has a 12-month low of C$23.80 and a 12-month high of C$36.15.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. TD Securities lowered shares of Russel Metals from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$36.00 to C$35.00 in a research note on Friday, November 11th. Stifel Nicolaus lifted their price target on shares of Russel Metals from C$40.00 to C$41.00 in a research note on Monday. BMO Capital Markets dropped their price target on shares of Russel Metals from C$36.00 to C$32.00 in a research note on Friday, August 12th. Royal Bank of Canada downgraded shares of Russel Metals from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$35.00 to C$34.00 in a report on Friday, November 11th. Finally, Scotiabank lifted their price objective on shares of Russel Metals from C$37.50 to C$38.00 in a report on Friday, November 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$37.71.

About Russel Metals

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Russel Metals Inc operates as a metal distribution company in North America. The company operates through three segments: Metals 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 shapes, bars, sheets, pipes, tubing, and hollow structural steel tubing.

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Dividend History for Russel Metals (TSE:RUS)

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