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

Ryerson Holding Co. (NYSE:RYI) declared a quarterly dividend on Tuesday, July 30th, Zacks reports. Shareholders of record on Thursday, September 5th will be given a dividend of 0.188 per share by the basic materials company on Thursday, September 19th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Thursday, September 5th.

Ryerson has a payout ratio of 44.6% indicating that its dividend is sufficiently covered by earnings.

Ryerson Stock Performance

NYSE RYI opened at $20.02 on Tuesday. The stock has a 50-day simple moving average of $20.65 and a two-hundred day simple moving average of $25.60. The firm has a market capitalization of $687.41 million, a P/E ratio of 7.76 and a beta of 1.61. Ryerson has a fifty-two week low of $17.57 and a fifty-two week high of $36.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.11 and a current ratio of 2.38.

Ryerson (NYSE:RYI) last released its quarterly earnings data 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 return on equity of 7.27% and a net margin of 1.31%. During the same quarter in the previous 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.