Russel Metals Inc. (TSE:RUS) to Issue Quarterly Dividend of $0.42

Russel Metals Inc. (TSE:RUS) announced a quarterly dividend on Wednesday, November 6th,TickerTech Dividends reports. Investors of record on Wednesday, November 27th will be given a dividend of 0.42 per share on Monday, December 16th. This represents a $1.68 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Wednesday, November 27th.

Russel Metals Price Performance

RUS traded down C$0.34 during midday trading on Friday, reaching C$43.42. 16,240 shares of the company’s stock were exchanged, compared to its average volume of 184,735. Russel Metals has a 1-year low of C$35.20 and a 1-year high of C$47.39. The stock has a market capitalization of C$2.55 billion, a PE ratio of 12.76, a P/E/G ratio of 0.59 and a beta of 1.52. The company has a debt-to-equity ratio of 16.88, a current ratio of 3.85 and a quick ratio of 1.44. The business’s 50-day moving average price is C$39.43 and its 200 day moving average price is C$38.68.

Russel Metals (TSE:RUS) last posted its earnings results on Wednesday, November 6th. The company reported C$0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.02). The company had revenue of C$1.09 billion during the quarter, compared to analysts’ expectations of C$1.06 billion. Russel Metals had a net margin of 4.87% and a return on equity of 12.67%.

Analysts Set New Price Targets

RUS has been the topic of a number of recent research reports. Stifel Nicolaus reduced their target price on shares of Russel Metals from C$55.00 to C$52.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. National Bankshares reduced their price objective on shares of Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. TD Securities raised shares of Russel Metals from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$44.00 to C$46.00 in a research note on Monday, September 16th. Finally, BMO Capital Markets decreased their price objective on Russel Metals from C$46.00 to C$45.00 in a report on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$46.93.

Russel Metals Company Profile

Russel Metals Inc operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products.