Ferroglobe PLC Plans Quarterly Dividend of $0.01 (NASDAQ:GSM)

Ferroglobe PLC (NASDAQ:GSM) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Friday, December 20th will be given a dividend of 0.013 per share by the basic materials company on Friday, December 27th. This represents a $0.05 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Friday, December 20th.

Ferroglobe has a dividend payout ratio of 10.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Ferroglobe to earn $0.49 per share next year, which means the company should continue to be able to cover its $0.05 annual dividend with an expected future payout ratio of 10.2%.

Ferroglobe Price Performance

NASDAQ:GSM traded down $0.18 during midday trading on Friday, hitting $4.16. The company had a trading volume of 159,213 shares, compared to its average volume of 1,356,895. The company has a market capitalization of $779.71 million, a PE ratio of 12.00 and a beta of 1.88. The company has a quick ratio of 0.91, a current ratio of 1.63 and a debt-to-equity ratio of 0.02. Ferroglobe has a 52-week low of $4.07 and a 52-week high of $6.78. The stock’s fifty day moving average price is $4.37 and its 200-day moving average price is $5.01.

Ferroglobe (NASDAQ:GSM) last issued its earnings results on Monday, August 5th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05. The business had revenue of $451.05 million during the quarter, compared to analyst estimates of $425.55 million. Ferroglobe had a return on equity of 11.27% and a net margin of 4.11%. During the same quarter in the prior year, the firm earned $0.30 earnings per share. As a group, research analysts expect that Ferroglobe will post 0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Ferroglobe from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th.

About Ferroglobe

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics; and silicon metal for primary and secondary aluminum producers.