Russel Metals Inc (RUS) Plans Quarterly Dividend of $0.38
Russel Metals Inc (TSE:RUS) declared a quarterly dividend on Monday, May 27th, TickerTech reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.38 per share on Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 6.79%. The ex-dividend date of this dividend is Monday, May 27th.
TSE:RUS opened at C$22.39 on Friday. Russel Metals has a 12 month low of C$19.72 and a 12 month high of C$30.99. The stock has a market capitalization of $1.39 billion and a price-to-earnings ratio of 6.49. The company has a current ratio of 2.75, a quick ratio of 1.10 and a debt-to-equity ratio of 71.81.
A number of equities analysts have recently issued reports on RUS shares. Royal Bank of Canada reduced their target price on shares of Russel Metals from C$32.00 to C$28.00 in a research report on Monday, February 4th. Raymond James set a C$31.00 target price on shares of Russel Metals and gave the stock a “strong-buy” rating in a research report on Friday, February 8th. Finally, BMO Capital Markets set a C$26.00 target price on shares of Russel Metals and gave the stock a “market perform” rating in a research report on Monday, April 22nd.
Russel Metals Inc distributes steel and metal products in North America. The company operates through three segments: Metal Service Centers, Energy Products, and Steel Distributors. The Metal Service Center segment sells plates, flat rolled carbon and general line steel products, stainless steel, aluminum, and other non-ferrous specialty metal products.
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