ArcelorMittal (NYSE:MT) Shares Will Pay Quarterly Dividend of $0.15

ArcelorMittal (NYSE:MT) declared a quarterly dividend on Friday, February 13th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.15 per share by the basic materials company on Wednesday, December 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th.

ArcelorMittal has a payout ratio of 10.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect ArcelorMittal to earn $7.01 per share next year, which means the company should continue to be able to cover its $0.51 annual dividend with an expected future payout ratio of 7.3%.

ArcelorMittal Trading Up 2.3%

Shares of NYSE:MT opened at $65.69 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.41 and a quick ratio of 0.53. ArcelorMittal has a 1 year low of $38.67 and a 1 year high of $79.68. The company has a market capitalization of $50.91 billion, a P/E ratio of 48.66, a P/E/G ratio of 0.76 and a beta of 1.55. The business’s 50 day simple moving average is $66.94 and its 200 day simple moving average is $64.06.

ArcelorMittal (NYSE:MT) last posted its quarterly earnings results on Thursday, November 5th. The basic materials company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.35. The business had revenue of $16.47 billion during the quarter, compared to the consensus estimate of $17.77 billion. ArcelorMittal had a return on equity of 4.89% and a net margin of 1.64%. ArcelorMittal’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 earnings per share. On average, research analysts anticipate that ArcelorMittal will post 3.07 EPS for the current fiscal year.

About ArcelorMittal

ArcelorMittal is a global steel and mining company that produces steel products for customers across industries including automotive, construction, energy, appliances and packaging. Its offerings include flat and long steel products, as well as iron ore and metallurgical coal used in steelmaking. The company operates across the Americas, Europe and other regions, combining mining and steelmaking activities with research and product development. ArcelorMittal was formed in 2006 through the merger of Arcelor and Mittal Steel.