Commercial Metals Company (NYSE:CMC) Declares $0.20 Quarterly Dividend

Commercial Metals Company (NYSE:CMC) declared a quarterly dividend on Wednesday, June 24th. Shareholders of record on Monday, July 6th will be paid a dividend of 0.20 per share by the basic materials company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, July 6th.

Commercial Metals has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Commercial Metals has a payout ratio of 18.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Commercial Metals to earn $7.12 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 11.2%.

Commercial Metals Stock Up 0.4%

Shares of NYSE:CMC opened at $71.39 on Thursday. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 0.41 and a beta of 1.50. The stock’s 50-day moving average price is $71.81 and its two-hundred day moving average price is $71.24. Commercial Metals has a 12-month low of $48.14 and a 12-month high of $84.87. The company has a current ratio of 2.38, a quick ratio of 1.55 and a debt-to-equity ratio of 0.75.

Commercial Metals (NYSE:CMC) last released its quarterly earnings data on Thursday, March 26th. The basic materials company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.12). Commercial Metals had a return on equity of 13.54% and a net margin of 6.02%.The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the previous year, the company earned $0.26 earnings per share. The company’s quarterly revenue was up 21.5% on a year-over-year basis. On average, research analysts forecast that Commercial Metals will post 6.56 EPS for the current year.

Commercial Metals Company Profile

Commercial Metals Company (NYSE: CMC) is a leading global steel and metal recycler, manufacturer and fabricator based in Irving, Texas. The company operates an integrated network of scrap recycling facilities, electric arc furnace steel mills, metal fabrication plants and distribution centers. Through these operations, Commercial Metals collects and processes ferrous scrap to produce finished steel products and provides recycled metal to a variety of end markets.

In its steelmaking segment, CMC uses electric arc furnace technology to transform recycled scrap into reinforcing bar (rebar), merchant bar, coil and structural products.