Reliance, Inc. (NYSE:RS – Get Free Report) announced a quarterly dividend on Friday, February 13th. Stockholders of record on Friday, March 6th will be paid a dividend of 1.25 per share by the industrial products company on Friday, March 20th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, March 6th. This is a 4.2% increase from Reliance’s previous quarterly dividend of $1.20.
Reliance has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 15 consecutive years. Reliance has a dividend payout ratio of 25.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Reliance to earn $18.12 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 27.6%.
Reliance Stock Performance
Shares of NYSE:RS opened at $314.00 on Wednesday. The business’s 50-day simple moving average is $321.16 and its 200 day simple moving average is $296.65. The company has a market cap of $16.24 billion, a P/E ratio of 22.48, a PEG ratio of 1.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.30 and a current ratio of 4.88. Reliance has a one year low of $250.07 and a one year high of $365.59.
About Reliance
Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.
Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.
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