Reliance, Inc. (NYSE:RS) to Issue $1.25 Quarterly Dividend

Reliance, Inc. (NYSE:RS) announced a quarterly dividend on Tuesday, July 21st. Shareholders of record on Friday, August 14th will be given a dividend of 1.25 per share by the industrial products company on Friday, August 28th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, August 14th.

Reliance has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Reliance has a dividend payout ratio of 25.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Reliance to earn $20.82 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 24.0%.

Reliance Price Performance

Shares of RS opened at $386.25 on Thursday. The business’s 50-day moving average is $385.48 and its two-hundred day moving average is $346.33. The company has a market capitalization of $19.72 billion, a P/E ratio of 25.20, a P/E/G ratio of 1.18 and a beta of 0.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39. Reliance has a fifty-two week low of $260.31 and a fifty-two week high of $419.83.

Reliance (NYSE:RS) last issued its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.47 by $0.80. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter in the previous year, the firm posted $4.43 EPS. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. Research analysts predict that Reliance will post 19.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RS shares. Weiss Ratings raised Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Wall Street Zen raised shares of Reliance from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Wells Fargo & Company decreased their target price on shares of Reliance from $376.00 to $372.00 and set an “equal weight” rating for the company in a research note on Thursday, July 9th. KeyCorp increased their price target on shares of Reliance from $378.00 to $418.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Finally, Bank of America lowered shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price target on the stock. in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Reliance presently has an average rating of “Hold” and an average price target of $363.50.

Reliance Company Profile

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.