Globe Specialty Metals Inc. (GSM) Plans Quarterly Dividend of $0.08
Globe Specialty Metals (NYSE:GSM) declared a quarterly dividend on Monday, August 25th, Analyst Ratings Network.com reports. Stockholders of record on Wednesday, September 10th will be given a dividend of 0.075 per share on Wednesday, September 24th. This represents a $0.30 dividend on an annualized basis and a yield of 1.56%.
On a related note, analysts at BB&T Corp. raised their price target on shares of Globe Specialty Metals from $22.00 to $24.00 in a research note on Tuesday, July 22nd. They now have a “buy” rating on the stock.
Globe Specialty Metals (NYSE:GSM) traded down 0.88% on Monday, hitting $19.24. The stock had a trading volume of 135,098 shares. Globe Specialty Metals has a 52-week low of $12.73 and a 52-week high of $22.00. The stock has a 50-day moving average of $20.00 and a 200-day moving average of $19.97. The company has a market cap of $1.420 billion and a P/E ratio of 81.21.
Globe Specialty Metals, Inc (NYSE:GSM), is a producer of silicon metal and silicon-based alloys, with approximately 120,000 metric tons (MT) of silicon metal capacity (excluding Dow Corning Corporation’s portion of the capacity of its Alloy, West Virginia plant) and 120,000 MT of silicon-based alloys capacity.
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