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

Ryerson Holding Co. (NYSE:RYI) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Thursday, March 6th will be paid a dividend of 0.1875 per share by the basic materials company on Thursday, March 20th. This represents a $0.75 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, March 6th.

Ryerson has increased its dividend by an average of 65.7% annually over the last three years. Ryerson has a dividend payout ratio of 45.7% meaning its dividend is sufficiently covered by earnings.

Ryerson Trading Down 2.0 %

Shares of RYI stock opened at $24.67 on Tuesday. Ryerson has a 12 month low of $17.18 and a 12 month high of $34.65. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $21.27 and its two-hundred day moving average is $21.46. The company has a market cap of $785.89 million, a PE ratio of -94.90 and a beta of 1.59.

Ryerson (NYSE:RYI) last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.48) by $0.34. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. Equities analysts predict that Ryerson will post 1.2 EPS for the current year.

Insider Transactions at Ryerson

In other news, CFO James J. Claussen sold 6,017 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $25.30, for a total value of $152,230.10. Following the sale, the chief financial officer now owns 58,773 shares in the company, valued at approximately $1,486,956.90. This trade represents a 9.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.88% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets increased their price target on Ryerson from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Monday, February 24th.

About Ryerson

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.