Gerdau S.A. (NYSE:GGB) Declares Quarterly Dividend of $0.02

Gerdau S.A. (NYSE:GGB) declared a quarterly dividend on Tuesday, February 24th. Stockholders of record on Thursday, March 12th will be given a dividend of 0.0194 per share by the basic materials company on Wednesday, March 25th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, March 12th.

Gerdau has raised its dividend payment by an average of 0.0%annually over the last three years. Gerdau has a payout ratio of 50.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Gerdau to earn $0.47 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 40.4%.

Gerdau Price Performance

NYSE:GGB traded up $0.09 during mid-day trading on Wednesday, hitting $4.16. 15,703,386 shares of the stock traded hands, compared to its average volume of 21,189,381. The business’s 50-day moving average price is $4.07 and its 200 day moving average price is $3.57. The company has a quick ratio of 1.47, a current ratio of 2.70 and a debt-to-equity ratio of 0.30. The company has a market cap of $8.30 billion, a PE ratio of 34.63, a price-to-earnings-growth ratio of 1.18 and a beta of 1.46. Gerdau has a 12-month low of $2.27 and a 12-month high of $4.66.

Gerdau (NYSE:GGB) last announced its quarterly earnings results on Monday, February 23rd. The basic materials company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.04). The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.12 billion. Gerdau had a net margin of 1.93% and a return on equity of 6.18%. On average, analysts expect that Gerdau will post 0.46 EPS for the current fiscal year.

About Gerdau

Gerdau SA is a Brazilian-based steel producer engaged in the manufacture and distribution of long steel products for the construction, industrial and agricultural sectors. Established in 1901, the company operates an integrated network of electric-arc furnaces and rolling mills, producing reinforcement bars, wire rod, merchant bars and structural shapes. Gerdau’s product portfolio also includes specialty long steel, high-yield reinforcement, rail, beams and steel coils, as well as value-added processing services such as cutting, bending and coating.

The company has expanded its footprint beyond Brazil, with significant operations in North America, South America and a presence in select European markets.