Ryerson Holding Co. Plans Quarterly Dividend of $0.19 (NYSE:RYI)

Ryerson Holding Co. (NYSE:RYI) declared a quarterly dividend on Tuesday, October 29th, RTT News reports. Shareholders of record on Thursday, December 5th will be paid a dividend of 0.1875 per share by the basic materials company on Thursday, December 19th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.35%.

Ryerson has a dividend payout ratio of 48.7% meaning its dividend is sufficiently covered by earnings.

Ryerson Stock Down 0.9 %

Shares of NYSE RYI traded down $0.20 on Tuesday, reaching $22.42. 324,419 shares of the company’s stock traded hands, compared to its average volume of 313,799. Ryerson has a 12 month low of $17.57 and a 12 month high of $36.20. The business’s 50 day simple moving average is $19.96 and its two-hundred day simple moving average is $21.96. The company has a market cap of $744.34 million, a price-to-earnings ratio of 12.50 and a beta of 1.56. The company has a quick ratio of 1.11, a current ratio of 2.38 and a debt-to-equity ratio of 0.59.

Ryerson (NYSE:RYI) last announced its earnings results on Tuesday, July 30th. The basic materials company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. The business had revenue of $1.23 billion during the quarter. Ryerson had a net margin of 1.31% and a return on equity of 7.27%. During the same period in the prior year, the business posted $1.06 EPS.

Ryerson Company Profile

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.