Radius Recycling, Inc. (NASDAQ:RDUS) Declares Quarterly Dividend of $0.19

Radius Recycling, Inc. (NASDAQ:RDUS) 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.

Radius Recycling (NASDAQ:RDUS) last posted its earnings results on Thursday, October 24th. The basic materials company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.18. The business had revenue of $771.00 million for the quarter, compared to analysts’ expectations of $680.80 million. Radius Recycling had a negative return on equity of 9.83% and a negative net margin of 9.73%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share. On average, equities analysts predict that Radius Recycling will post -1.02 EPS for the current fiscal year.

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.

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.