Outokumpu (OTCMKTS:OUTKY) to Issue $0.03 Dividend

Key Points

• Outokumpu announced a dividend of $0.03 per share, with the ex-dividend date set for October 15th and payment scheduled for November 6th.
• The company reported a negative net margin of 0.82% and a negative return on equity of 1.33%, with a revenue of $1.69 billion for the last quarter.
• Outokumpu's current stock price is $2.27, giving it a market capitalization of $2.15 billion and a price-to-earnings ratio of -45.40.

Outokumpu (OTCMKTS:OUTKY - Get Free Report) declared a dividend on Monday, October 6th, investing.com reports. Investors of record on Thursday, October 16th will be paid a dividend of 0.0343 per share on Thursday, November 6th. This represents a yield of 297.0%. The ex-dividend date is Wednesday, October 15th.

Outokumpu Stock Performance

OTCMKTS OUTKY opened at $2.27 on Monday. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of -45.40 and a beta of 0.70. Outokumpu has a twelve month low of $1.37 and a twelve month high of $2.37. The stock has a fifty day simple moving average of $2.00 and a 200 day simple moving average of $1.93. The company has a quick ratio of 0.63, a current ratio of 1.66 and a debt-to-equity ratio of 0.12.

Outokumpu (OTCMKTS:OUTKY - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported ($0.02) EPS for the quarter. The firm had revenue of $1.69 billion for the quarter. Outokumpu had a negative net margin of 0.82% and a negative return on equity of 1.33%. Sell-side analysts expect that Outokumpu will post 0.07 EPS for the current year.

About Outokumpu

Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. The company operates through three segments: Europe, Americas, and Ferrochrome. It offers cold rolled coils, strips, and sheets; hot rolled coils, strips, and plates; quarto plates; precision strips; and specialized components, such as welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, hardened and customized press plates, suction roll shells, and blancs and disks.

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