Russel Metals Inc. Plans Quarterly Dividend of $0.38 (TSE:RUS)

Russel Metals Inc. (TSE:RUSGet Rating) declared a quarterly dividend on Friday, November 25th, TickerTech reports. Stockholders of record on Thursday, December 15th will be paid a dividend of 0.38 per share on Thursday, December 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Friday, November 25th.

Russel Metals Stock Performance

TSE RUS opened at C$29.72 on Thursday. Russel Metals has a 1-year low of C$23.80 and a 1-year high of C$36.15. The company has a market capitalization of C$1.86 billion and a P/E ratio of 4.52. The business has a 50 day moving average price of C$27.29 and a 200 day moving average price of C$28.00. The company has a debt-to-equity ratio of 27.05, a current ratio of 3.21 and a quick ratio of 1.44.

Analysts Set New Price Targets

A number of brokerages have commented on RUS. Royal Bank of Canada cut Russel Metals from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$35.00 to C$34.00 in a report on Friday, November 11th. Scotiabank increased their target price on Russel Metals from C$37.50 to C$38.00 in a report on Friday, November 11th. BMO Capital Markets lowered their target price on Russel Metals from C$36.00 to C$32.00 in a report on Friday, August 12th. TD Securities cut Russel Metals from a “buy” rating to a “hold” rating and lowered their target price for the company from C$36.00 to C$35.00 in a report on Friday, November 11th. Finally, Stifel Nicolaus increased their target price on Russel Metals from C$40.00 to C$41.00 in a report on Monday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Russel Metals currently has a consensus rating of “Moderate Buy” and a consensus target price of C$37.71.

About Russel Metals

(Get Rating)

Russel Metals Inc operates as a metal distribution company in North America. The company operates through three segments: Metals Service Centers, Energy Products, and Steel Distributors. The Metal Service Centers segment sells plates, flat rolled carbon, stainless steel, aluminum, and other non-ferrous specialty metal products, as well as general line steel products, such as plates, structural shapes, bars, sheets, pipes, tubing, and hollow structural steel tubing.

Recommended Stories

Dividend History for Russel Metals (TSE:RUS)

Receive News & Ratings for Russel Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Russel Metals and related companies with MarketBeat.com's FREE daily email newsletter.