Radius Recycling, Inc. (NASDAQ:RDUS – Get Free Report) declared a quarterly dividend on Tuesday, October 22nd,Wall Street Journal reports. Investors of record on Tuesday, November 12th will be paid a dividend of 0.1875 per share by the basic materials company on Tuesday, November 26th. This represents a $0.75 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Tuesday, November 12th.
Radius Recycling has a dividend payout ratio of -187.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Radius Recycling Stock Up 0.5 %
Shares of NASDAQ:RDUS opened at $19.92 on Friday. The firm has a 50 day simple moving average of $17.21 and a 200-day simple moving average of $16.65. Radius Recycling has a twelve month low of $12.69 and a twelve month high of $31.70. The company has a current ratio of 1.92, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $558.54 million, a PE ratio of -2.13 and a beta of 1.55.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Radius Recycling from a “sell” rating to a “hold” rating in a research report on Friday.
Get Our Latest Stock Report on Radius Recycling
Insider Buying and Selling at Radius Recycling
In other news, SVP Steven Heiskell sold 17,675 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $17.08, for a total transaction of $301,889.00. Following the completion of the sale, the senior vice president now owns 133,780 shares in the company, valued at approximately $2,284,962.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.70% of the stock is currently owned by company insiders.
Radius Recycling Company Profile
Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.
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