Tree Island Steel Ltd. to Issue Quarterly Dividend of $0.02 (TSE:TSL)

Tree Island Steel Ltd. (TSE:TSL - Get Free Report) declared a quarterly dividend on Monday, June 30th, TickerTech Dividends reports. Stockholders of record on Tuesday, July 15th will be paid a dividend of 0.015 per share on Tuesday, July 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Monday, June 30th.

Tree Island Steel Stock Performance

Shares of Tree Island Steel stock traded down C$0.03 on Friday, reaching C$2.47. 8,220 shares of the stock were exchanged, compared to its average volume of 12,173. The firm has a market capitalization of C$63.61 million, a PE ratio of -25.48 and a beta of 0.96. Tree Island Steel has a 1-year low of C$2.37 and a 1-year high of C$3.23. The company has a current ratio of 5.14, a quick ratio of 1.75 and a debt-to-equity ratio of 21.28. The business has a fifty day moving average price of C$2.54 and a two-hundred day moving average price of C$2.73.

About Tree Island Steel

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers low-carbon and high-carbon galvanized steel wires; clean and bright wire for industrial and original equipment manufacturer customers; agricultural products, including fencing, barbed wire, galvanized wire, and bright wire, as well as other fabricated wire products specifically for farming, ranching, and vineyards; welded wire concrete reinforcing mesh and other fabricated wire products for heavy construction industry and infrastructure projects; and nails and stucco reinforcing products for residential and light commercial construction.

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