Reliance, Inc. Announces Quarterly Dividend of $1.20 (NYSE:RS)

Key Points

• Reliance, Inc. declared a quarterly dividend of $1.20 per share, with an ex-dividend date set for November 21st and payment on December 5th, representing a 1.8% yield.
• The company reported earnings of $3.64 per share, slightly below analysts' expectations, while revenues for the quarter were $3.65 billion, exceeding estimates.
• Reliance has a payout ratio of 24.9%, suggesting its dividends are well-covered by earnings, with expectations of continued financial stability moving forward.

Reliance, Inc. (NYSE:RS - Get Free Report) declared a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Friday, November 21st will be given a dividend of 1.20 per share by the industrial products company on Friday, December 5th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, November 21st.

Reliance has a payout ratio of 24.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Reliance to earn $18.12 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 26.5%.

Reliance Price Performance

Reliance stock opened at $273.99 on Thursday. Reliance has a 12-month low of $250.07 and a 12-month high of $347.43. The stock has a market cap of $14.41 billion, a P/E ratio of 20.00, a PEG ratio of 1.33 and a beta of 0.87. The company has a 50-day moving average price of $285.81 and a 200 day moving average price of $295.58. The company has a current ratio of 3.18, a quick ratio of 1.51 and a debt-to-equity ratio of 0.14.

Reliance (NYSE:RS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share for the quarter, missing analysts' consensus estimates of $3.68 by ($0.04). The business had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.54 billion. Reliance had a net margin of 5.39% and a return on equity of 10.48%. The company's revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.64 EPS. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. Sell-side analysts anticipate that Reliance will post 16.98 earnings per share for the current year.

Reliance Company Profile

Reliance, Inc operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.

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