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

Russel Metals Inc. (TSE:RUS - Get Free Report) announced a quarterly dividend on Thursday, May 29th, TickerTech Dividends reports. Stockholders of record on Monday, June 16th will be given a dividend of 0.43 per share on Monday, June 16th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Thursday, May 29th. This is a 2.4% increase from Russel Metals's previous quarterly dividend of $0.42.

Russel Metals Stock Performance

Russel Metals stock traded down C$0.23 during trading hours on Friday, reaching C$41.26. 157,826 shares of the company were exchanged, compared to its average volume of 170,756. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28. Russel Metals has a 12 month low of C$34.62 and a 12 month high of C$46.87. The stock has a 50-day moving average of C$39.74 and a 200 day moving average of C$41.22. The firm has a market cap of C$2.36 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 0.59 and a beta of 1.52.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Stifel Nicolaus dropped their price target on shares of Russel Metals from C$54.00 to C$53.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. National Bankshares decreased their target price on Russel Metals from C$58.00 to C$55.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, TD Securities raised their price objective on Russel Metals from C$50.00 to C$52.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th.

About Russel Metals

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.