Tree Island Steel Ltd. (TSE:TSL) announced a quarterly dividend on Thursday, September 27th, TickerTech reports. Investors of record on Monday, October 15th will be given a dividend of 0.02 per share on Monday, October 15th. This represents a $0.08 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Thursday, September 27th.

TSE:TSL traded up C$0.01 during mid-day trading on Wednesday, reaching C$2.67. The stock had a trading volume of 4,100 shares, compared to its average volume of 12,184. Tree Island Steel has a one year low of C$2.01 and a one year high of C$3.66.

Tree Island Steel (TSE:TSL) last released its earnings results on Thursday, August 2nd. The company reported C$0.09 earnings per share for the quarter. The company had revenue of C$68.09 million during the quarter. Tree Island Steel had a negative return on equity of 13.03% and a negative net margin of 3.87%.

Separately, Raymond James dropped their target price on Tree Island Steel from C$4.00 to C$3.50 and set an “outperform” rating for the company in a research report on Friday, August 3rd.

About Tree Island Steel

Tree Island Steel Ltd. manufactures and sells steel wire and wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. It offers industrial products, such as pulp and unitizing, waste, chain link, upholstery, low carbon, and shaped wires, as well as bar/straight and cut bars; and wirelines for use in the oil industry.

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Dividend History for Tree Island Steel (TSE:TSL)

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