Tree Island Steel Ltd. (TSE:TSL) declared a quarterly dividend on Monday, September 18th, Zacks reports. Investors of record on Friday, September 29th will be paid a dividend of 0.02 per share on Monday, October 16th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, September 28th.

Shares of Tree Island Steel (TSE TSL) traded down 3.13% on Friday, hitting $3.10. 42,100 shares of the company were exchanged. The stock has a market capitalization of $95.30 million and a PE ratio of 21.53. Tree Island Steel has a 52-week low of $2.67 and a 52-week high of $6.55. The firm’s 50-day moving average is $3.19 and its 200-day moving average is $3.97.

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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 residential products, including bulk nails, collated nails, packaged nails and fasteners, bulk screws, and packaged nails and fasteners, as well as nail head identification systems; and woven wires, welded wires, and corners and accessories.

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