ArcelorMittal S.A. to Issue Semi-Annual Dividend of $0.21 (NYSE:MT)

ArcelorMittal S.A. (NYSE:MT - Get Free Report) declared a Semi-Annual dividend on Monday, April 15th, Zacks reports. Shareholders of record on Friday, May 17th will be paid a dividend of 0.213 per share by the basic materials company on Wednesday, June 12th. The ex-dividend date of this dividend is Thursday, May 16th.

ArcelorMittal Stock Performance

Shares of MT traded down $0.07 during mid-day trading on Wednesday, reaching $25.11. 2,427,416 shares of the company's stock traded hands, compared to its average volume of 1,565,823. The business's 50-day moving average price is $26.90 and its 200-day moving average price is $25.89. The stock has a market capitalization of $20.22 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 0.34 and a beta of 1.93. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.67 and a current ratio of 1.53. ArcelorMittal has a 12 month low of $21.30 and a 12 month high of $30.15.

ArcelorMittal (NYSE:MT - Get Free Report) last announced its earnings results on Thursday, February 8th. The basic materials company reported ($3.57) EPS for the quarter, missing the consensus estimate of ($2.08) by ($1.49). ArcelorMittal had a return on equity of 8.55% and a net margin of 1.35%. The firm had revenue of $14.55 billion for the quarter, compared to the consensus estimate of $16.39 billion. During the same period in the previous year, the firm earned $1.37 EPS. ArcelorMittal's revenue for the quarter was down 13.8% on a year-over-year basis. Equities analysts predict that ArcelorMittal will post 4.37 earnings per share for the current year.

Hedge Funds Weigh In On ArcelorMittal

Several institutional investors and hedge funds have recently modified their holdings of MT. Quantbot Technologies LP acquired a new stake in shares of ArcelorMittal in the 2nd quarter valued at $204,000. Rockefeller Capital Management L.P. acquired a new stake in shares of ArcelorMittal in the 2nd quarter valued at $177,000. Penserra Capital Management LLC lifted its stake in shares of ArcelorMittal by 199.0% in the 4th quarter. Penserra Capital Management LLC now owns 5,139 shares of the basic materials company's stock valued at $134,000 after purchasing an additional 3,420 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in ArcelorMittal by 24.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,115 shares of the basic materials company's stock worth $117,000 after acquiring an additional 818 shares during the last quarter. Finally, Barometer Capital Management Inc. acquired a new position in ArcelorMittal during the 4th quarter worth $116,000. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on MT shares. StockNews.com lowered shares of ArcelorMittal from a "buy" rating to a "hold" rating in a research report on Monday, March 4th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $31.00 price objective (down from $34.00) on shares of ArcelorMittal in a research report on Tuesday.

About ArcelorMittal

ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in the United States, Europe, and internationally. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.