Russel Metals Inc. Announces Quarterly Dividend of $0.43 (TSE:RUS)

Key Points

• Russel Metals Inc. has declared a quarterly dividend of $0.43 per share, payable to shareholders of record on September 15th.
• The dividend yield is 4.1%, with the ex-dividend date set for August 28th.
• The company's market capitalization stands at C$2.39 billion, with a P/E ratio of 13.42 and a beta of 1.52.

Russel Metals Inc. (TSE:RUS - Get Free Report) declared a quarterly dividend on Thursday, August 28th, TickerTech Dividends reports. Stockholders of record on Monday, September 15th will be paid a dividend of 0.43 per share on Monday, September 15th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, August 28th.

Russel Metals Stock Performance

Shares of RUS traded up C$0.22 during mid-day trading on Friday, hitting C$41.60. The stock had a trading volume of 176,869 shares, compared to its average volume of 158,236. The company has a market cap of C$2.33 billion, a PE ratio of 14.39, a PEG ratio of 0.59 and a beta of 1.26. The company's fifty day simple moving average is C$43.12 and its two-hundred day simple moving average is C$41.40. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28. Russel Metals has a fifty-two week low of C$34.62 and a fifty-two week high of C$46.87.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RUS. Stifel Nicolaus decreased their target price on Russel Metals from C$54.50 to C$49.00 and set a "buy" rating for the company in a research report on Monday, August 11th. TD Securities cut their price target on Russel Metals from C$52.00 to C$50.00 and set a "buy" rating on the stock in a report on Monday, August 11th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$52.20.

Russel Metals Company Profile

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.