Commercial Metals Company to Issue Quarterly Dividend of $0.18 (NYSE:CMC)

Key Points

• Commercial Metals Company has declared a quarterly dividend of $0.18 per share, with an ex-dividend date of October 30th and a payment date of November 13th.
• The company maintains a low payout ratio of 16.9%, suggesting its dividend is well-supported by earnings.
• As of the latest trading, shares of Commercial Metals (NYSE:CMC) have decreased by 1.4%, bringing the stock price to $59.59.

Commercial Metals Company (NYSE:CMC - Get Free Report) declared a quarterly dividend on Wednesday, October 15th. Investors of record on Thursday, October 30th will be given a dividend of 0.18 per share by the basic materials company on Thursday, November 13th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, October 30th.

Commercial Metals has a payout ratio of 16.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Commercial Metals to earn $4.69 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 15.4%.

Commercial Metals Stock Down 1.4%

Shares of NYSE CMC traded down $0.85 during trading hours on Wednesday, hitting $59.59. 1,844,347 shares of the stock were exchanged, compared to its average volume of 1,083,970. The company has a quick ratio of 2.00, a current ratio of 2.86 and a debt-to-equity ratio of 0.32. The company has a market cap of $6.67 billion, a PE ratio of 192.21, a PEG ratio of 2.07 and a beta of 1.32. The firm has a fifty day moving average price of $57.60 and a 200-day moving average price of $51.21. Commercial Metals has a 12 month low of $37.92 and a 12 month high of $64.53.

Commercial Metals Company Profile

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.

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