Radius Recycling, Inc. Plans Quarterly Dividend of $0.19 (NASDAQ:RDUS)

Radius Recycling, Inc. (NASDAQ:RDUS) announced a quarterly dividend on Monday, April 7th, Wall Street Journal reports. Shareholders of record on Monday, April 21st will be paid a dividend of 0.1875 per share by the basic materials company on Monday, May 5th. This represents a $0.75 annualized dividend and a yield of 2.61%. The ex-dividend date is Monday, April 21st.

Radius Recycling has a dividend payout ratio of 576.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Radius Recycling Stock Down 0.8 %

NASDAQ:RDUS traded down $0.23 on Monday, hitting $28.71. 2,929,771 shares of the company’s stock traded hands, compared to its average volume of 347,693. The firm has a 50-day moving average price of $18.07 and a 200-day moving average price of $17.35. The company has a current ratio of 2.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. The company has a market cap of $808.33 million, a PE ratio of -2.87 and a beta of 1.07. Radius Recycling has a 1 year low of $10.57 and a 1 year high of $29.20.

Radius Recycling (NASDAQ:RDUS) last announced its quarterly earnings results on Friday, April 4th. The basic materials company reported ($0.99) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.08) by $0.09. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. The business had revenue of $642.51 million during the quarter, compared to analyst estimates of $635.94 million. Equities analysts anticipate that Radius Recycling will post -3.84 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Radius Recycling in a research report on Wednesday, April 2nd. They issued a “sell” rating on the stock.

About Radius Recycling

Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.