ArcelorMittal S.A. (MT) To Go Ex-Dividend on November 12th

ArcelorMittal S.A. (NYSE:MT) announced a semi-annual dividend on Monday, March 17th, Wall Street Journal reports. Stockholders of record on Thursday, November 13th will be paid a dividend of 0.275 per share by the basic materials company on Wednesday, December 3rd. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, November 12th. This is a 29.1% increase from ArcelorMittal’s previous semi-annual dividend of $0.21.

ArcelorMittal has increased its dividend payment by an average of 18.6% per year over the last three years. ArcelorMittal has a payout ratio of 9.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ArcelorMittal to earn $5.14 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 9.7%.

ArcelorMittal Stock Up 1.4 %

Shares of MT stock opened at $32.50 on Wednesday. The firm has a market capitalization of $26.63 billion, a P/E ratio of 19.70, a PEG ratio of 0.14 and a beta of 1.79. The firm’s fifty day moving average price is $27.22 and its two-hundred day moving average price is $25.30. ArcelorMittal has a 1 year low of $20.52 and a 1 year high of $34.90. The company has a current ratio of 1.35, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17.

ArcelorMittal (NYSE:MT) last released its earnings results on Thursday, February 6th. The basic materials company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.09). ArcelorMittal had a return on equity of 4.31% and a net margin of 2.14%. On average, equities analysts predict that ArcelorMittal will post 3.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley downgraded shares of ArcelorMittal from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 14th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, ArcelorMittal presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.17.

ArcelorMittal Company Profile

ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in the United States, Europe, and internationally. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.