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

Ferroglobe PLC (NASDAQ:GSMGet Free Report) announced a quarterly dividend on Tuesday, May 14th, Zacks reports. Shareholders of record on Monday, June 17th will be paid a dividend of 0.013 per share by the basic materials company on Thursday, June 27th. This represents a $0.05 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Monday, June 17th.

Ferroglobe has a dividend payout ratio of 8.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ferroglobe to earn $0.57 per share next year, which means the company should continue to be able to cover its $0.05 annual dividend with an expected future payout ratio of 8.8%.

Ferroglobe Stock Down 1.3 %

Shares of GSM stock opened at $5.37 on Friday. The company has a 50 day simple moving average of $5.53 and a two-hundred day simple moving average of $5.48. The company has a current ratio of 1.74, a quick ratio of 1.02 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1.01 billion, a P/E ratio of 15.79 and a beta of 1.89. Ferroglobe has a 12 month low of $4.26 and a 12 month high of $6.78.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Ferroglobe from a “hold” rating to a “buy” rating in a research note on Monday, May 20th.

Check Out Our Latest Stock Report on Ferroglobe

Ferroglobe Company Profile

(Get Free Report)

Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.

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Dividend History for Ferroglobe (NASDAQ:GSM)

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