Gerdau S.A. (GGB) to Issue Quarterly Dividend of $0.05 on December 18th

Gerdau S.A. (NYSE:GGB) declared a quarterly dividend on Friday, October 31st. Shareholders of record on Wednesday, November 12th will be paid a dividend of 0.0521 per share by the basic materials company on Thursday, December 18th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Wednesday, November 12th. This is a 141.1% increase from Gerdau’s previous quarterly dividend of $0.02.

Gerdau has increased its dividend payment by an average of 0.0%annually over the last three years. Gerdau has a payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Gerdau to earn $0.47 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 40.4%.

Gerdau Stock Performance

NYSE GGB opened at $3.61 on Monday. The business’s 50-day moving average price is $3.25 and its 200 day moving average price is $3.02. The company has a current ratio of 2.89, a quick ratio of 1.50 and a debt-to-equity ratio of 0.30. Gerdau has a twelve month low of $2.27 and a twelve month high of $3.63. The company has a market capitalization of $7.20 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 3.09 and a beta of 1.46.

Gerdau (NYSE:GGB) last posted its quarterly earnings data on Thursday, October 30th. The basic materials company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Gerdau had a net margin of 4.81% and a return on equity of 6.51%. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $17.81 billion. On average, research analysts predict that Gerdau will post 0.46 earnings per share for the current year.

About Gerdau

Gerdau SA, together with its subsidiaries, operates as a steel producer company. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business segments. It also provides semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles to the construction and manufacturing industries; drawn products comprising barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire mesh, nails, and clamps for manufacturing, construction, and agricultural industries; and special steel products used in auto parts, light and heavy vehicles, and agricultural machinery, as well as in the oil and gas, wind energy, machinery and equipment, mining and rail, and other markets.