Synalloy Corporation (SYNL) to Issue Annual Dividend of $0.13
Synalloy Corporation (NASDAQ:SYNL) declared an annual dividend on Friday, October 6th, Wall Street Journal reports. Shareholders of record on Wednesday, October 25th will be given a dividend of 0.13 per share by the industrial products company on Monday, November 6th. This represents a yield of 0.94%. The ex-dividend date of this dividend is Tuesday, October 24th.
Synalloy Corporation (NASDAQ:SYNL) traded down 2.13% on Friday, reaching $13.80. 29,335 shares of the company’s stock traded hands. The stock’s market cap is $120.28 million. The stock has a 50 day moving average price of $11.59 and a 200 day moving average price of $11.70. Synalloy Corporation has a 12-month low of $8.95 and a 12-month high of $14.10.
Synalloy Corporation (NASDAQ:SYNL) last released its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.23 EPS for the quarter. The business had revenue of $51.51 million for the quarter. Synalloy Corporation had a negative net margin of 1.54% and a positive return on equity of 0.64%. Analysts forecast that Synalloy Corporation will post $0.05 EPS for the current year.
In other news, CEO Craig C. Bram purchased 7,061 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $10.84 per share, with a total value of $76,541.24. Following the completion of the acquisition, the chief executive officer now owns 177,802 shares of the company’s stock, valued at approximately $1,927,373.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Privet Fund Management Llc purchased 22,036 shares of the stock in a transaction that occurred on Monday, September 25th. The shares were purchased at an average cost of $11.80 per share, for a total transaction of $260,024.80. Following the completion of the acquisition, the insider now directly owns 49,086 shares of the company’s stock, valued at approximately $579,214.80. The disclosure for this purchase can be found here. Insiders bought a total of 60,012 shares of company stock worth $692,600 over the last ninety days. Insiders own 10.60% of the company’s stock.
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Synalloy Corporation Company Profile
Synalloy Corporation is a chemical manufacturing company. The Company operates through two segments: the Metals Segment and the Specialty Chemicals Segment. The Company’s Metals Segment comprises three subsidiaries: Synalloy Metals, Inc, which owns Bristol Metals, LLC (BRISMET), located in Bristol, Tennessee; Palmer of Texas Tanks, Inc (Palmer), located in Andrews, Texas; and Specialty Pipe & Tube, Inc (Specialty), located in Mineral Ridge, Ohio and Houston, Texas.
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