Ferroglobe PLC (NASDAQ:GSM) to Issue Quarterly Dividend of $0.02

Ferroglobe PLC (NASDAQ:GSM) declared a quarterly dividend on Tuesday, February 17th. Investors of record on Monday, March 23rd will be given a dividend of 0.015 per share by the basic materials company on Monday, March 30th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, March 23rd. This is a 7.1% increase from Ferroglobe’s previous quarterly dividend of $0.01.

Ferroglobe has a dividend payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ferroglobe to earn $0.59 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 8.5%.

Ferroglobe Stock Performance

NASDAQ:GSM traded up $0.10 during mid-day trading on Wednesday, reaching $4.92. 1,127,815 shares of the company’s stock were exchanged, compared to its average volume of 1,195,433. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 1.66. The firm has a market capitalization of $917.29 million, a PE ratio of -6.64 and a beta of 1.09. Ferroglobe has a one year low of $2.97 and a one year high of $5.74. The business’s fifty day simple moving average is $4.90 and its two-hundred day simple moving average is $4.59.

Ferroglobe (NASDAQ:GSM) last released its earnings results on Tuesday, February 17th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $329.38 million for the quarter, compared to analysts’ expectations of $293.60 million. Ferroglobe had a negative return on equity of 6.13% and a negative net margin of 9.92%. Analysts anticipate that Ferroglobe will post 0.33 earnings per share for the current fiscal year.

About Ferroglobe

Ferroglobe PLC is a leading producer of specialty metals and alloys, serving a diverse range of industrial customers worldwide. The company’s core operations focus on the manufacture of silicon metal, silicon-based alloys, manganese-based alloys and rare earth alloys, which are essential inputs for the aluminum, steel, chemical and electronics industries. Ferroglobe’s product portfolio includes high-purity silicon, ferrosilicon, silicon manganese, manganese alloys and various recarburizers used to enhance metal strength, durability and conductivity.

With production facilities located across North America, Europe, South America and Africa, Ferroglobe maintains a global footprint that allows it to supply customers on multiple continents.