United States Steel Co. Plans Quarterly Dividend of $0.05 (NYSE:X)

United States Steel Co. (NYSE:X) declared a quarterly dividend on Thursday, January 30th,RTT News reports. Shareholders of record on Monday, February 10th will be given a dividend of 0.05 per share by the basic materials company on Wednesday, March 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%.

United States Steel has raised its dividend payment by an average of 35.7% per year over the last three years. United States Steel has a payout ratio of 5.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect United States Steel to earn $1.89 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 10.6%.

United States Steel Trading Down 0.2 %

NYSE:X traded down $0.06 during trading hours on Thursday, reaching $36.48. 3,428,890 shares of the company were exchanged, compared to its average volume of 8,293,761. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.08. The firm has a market cap of $8.21 billion, a price-to-earnings ratio of 24.00 and a beta of 1.88. United States Steel has a 52-week low of $26.92 and a 52-week high of $48.40. The stock has a 50 day simple moving average of $35.37 and a 200 day simple moving average of $37.05.

United States Steel (NYSE:X) last issued its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.41% and a return on equity of 6.01%. As a group, analysts predict that United States Steel will post 1.78 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on X shares. Bank of America started coverage on shares of United States Steel in a research note on Monday, January 6th. They issued a “neutral” rating and a $35.00 target price on the stock. Jefferies Financial Group lowered their price target on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a report on Monday, January 6th. BMO Capital Markets lowered their price target on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. lowered their price target on shares of United States Steel from $44.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, United States Steel has an average rating of “Moderate Buy” and an average price target of $41.07.

About United States Steel

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.