Russel Metals Inc. (RUS) to Distribute Quarterly Dividend of $0.44 on September 15th

Russel Metals Inc. (TSE:RUS) announced a quarterly dividend on Friday, August 28th, TickerTech Dividends reports. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.44 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, August 28th.

Russel Metals Trading Down 2.2%

TSE:RUS opened at C$72.23 on Wednesday. The company has a debt-to-equity ratio of 27.88, a quick ratio of 1.44 and a current ratio of 2.61. Russel Metals has a one year low of C$39.09 and a one year high of C$83.12. The business’s 50-day simple moving average is C$68.56 and its 200 day simple moving average is C$58.14. The stock has a market cap of C$3.97 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 0.59 and a beta of 1.21.

Russel Metals (TSE:RUS) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$1.63 earnings per share for the quarter. Russel Metals had a return on equity of 13.09% and a net margin of 4.04%.The firm had revenue of C$1.66 billion during the quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RUS shares. TD increased their target price on Russel Metals from C$68.00 to C$94.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Scotia lifted their price target on shares of Russel Metals from C$54.00 to C$62.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 7th. National Bank Financial upped their price target on shares of Russel Metals from C$57.00 to C$75.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Raymond James Financial downgraded shares of Russel Metals from a “moderate buy” rating to a “hold” rating and increased their price objective for the company from C$70.00 to C$82.00 in a research note on Monday, August 10th. Finally, BMO Capital Markets raised their price objective on shares of Russel Metals from C$51.00 to C$56.00 in a report on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$76.89.

About Russel Metals

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.