Tree Island Steel Ltd. (TSE:TSL) Announces Quarterly Dividend of $0.03

Tree Island Steel Ltd. (TSE:TSL) declared a quarterly dividend on Monday, September 16th, Zacks reports. Investors of record on Friday, September 27th will be paid a dividend of 0.03 per share on Tuesday, October 15th. This represents a $0.12 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend is Friday, September 27th.

Tree Island Steel Trading Up 1.6 %

Tree Island Steel stock opened at C$2.59 on Tuesday. Tree Island Steel has a one year low of C$2.48 and a one year high of C$3.70. The stock has a market cap of C$67.73 million, a PE ratio of 51.80 and a beta of 0.97. The company has a debt-to-equity ratio of 21.10, a quick ratio of 1.75 and a current ratio of 5.39. The stock has a 50-day moving average of C$2.78 and a two-hundred day moving average of C$3.04.

Tree Island Steel (TSE:TSL) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.02 EPS for the quarter. The firm had revenue of C$57.72 million during the quarter. Tree Island Steel had a net margin of 0.61% and a return on equity of 1.01%. On average, research analysts anticipate that Tree Island Steel will post 0.3627312 EPS for the current fiscal year.

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.