Olympic Steel, Inc. (NASDAQ:ZEUS) Announces $0.16 Quarterly Dividend

Key Points

• Olympic Steel, Inc. has announced a quarterly dividend of $0.16 per share, with an ex-dividend date of September 2nd and a payment date set for September 15th.
• The company reported earnings per share (EPS) of $0.50 for the last quarter, which fell short of analyst expectations by $0.09.
• Olympic Steel's dividend payout ratio stands at 22.8%, indicating that the dividend is well-supported by the company's earnings.

Olympic Steel, Inc. (NASDAQ:ZEUS - Get Free Report) announced a quarterly dividend on Friday, August 1st, Wall Street Journal reports. Stockholders of record on Tuesday, September 2nd will be paid a dividend of 0.16 per share by the basic materials company on Monday, September 15th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, September 2nd.

Olympic Steel has a dividend payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings.

Olympic Steel Stock Up 1.3%

Shares of ZEUS traded up $0.39 during trading hours on Friday, hitting $31.49. The stock had a trading volume of 101,699 shares, compared to its average volume of 83,894. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.16 and a quick ratio of 1.25. The firm has a 50 day simple moving average of $32.32 and a 200-day simple moving average of $32.57. The firm has a market capitalization of $351.43 million, a P/E ratio of 22.02 and a beta of 1.66. Olympic Steel has a 1-year low of $26.32 and a 1-year high of $45.23.

Olympic Steel (NASDAQ:ZEUS - Get Free Report) last issued its earnings results on Thursday, July 31st. The basic materials company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.09). The firm had revenue of $496.48 million during the quarter, compared to analyst estimates of $506.60 million. Olympic Steel had a net margin of 0.88% and a return on equity of 2.16%. Sell-side analysts predict that Olympic Steel will post 2.69 EPS for the current fiscal year.

Olympic Steel Company Profile

Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates.

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