Gerdau S.A. (NYSE:GGB) Plans Dividend of $0.01
Gerdau S.A. (NYSE:GGB) declared a dividend on Wednesday, August 9th, NASDAQ reports. Shareholders of record on Thursday, August 24th will be given a dividend of 0.005 per share by the basic materials company on Monday, September 11th. The ex-dividend date of this dividend is Tuesday, August 22nd.
Gerdau has decreased its dividend payment by an average of 13.6% per year over the last three years.
Gerdau (NYSE:GGB) traded down 1.41% during trading on Thursday, reaching $3.50. The company’s stock had a trading volume of 7,883,131 shares. The firm has a 50 day moving average of $3.28 and a 200 day moving average of $3.40. The stock’s market capitalization is $5.98 billion. Gerdau has a 52 week low of $2.47 and a 52 week high of $4.39.
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A number of research firms have recently weighed in on GGB. BidaskClub cut Gerdau from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research raised Gerdau from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a report on Tuesday, June 27th. Finally, Scotiabank raised Gerdau from an “underperform” rating to a “sector perform” rating in a report on Friday, June 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $3.25.
Gerdau Company Profile
Gerdau SA (Gerdau) is a manufacturer of long steel in the North and South America. The Company is engaged in the production and commercialization of steel products in general, through its mills located in Argentina, Brazil, Canada, Chile, Colombia, Spain, the United States, Guatemala, India, Mexico, Peru, the Dominican Republic, Uruguay and Venezuela.
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