Russel Metals Inc. (TSE:RUS) announced a quarterly dividend on Thursday, February 25th, TickerTech reports. Stockholders of record on Monday, March 15th will be paid a dividend of 0.38 per share on Monday, March 15th. This represents a $1.52 annualized dividend and a dividend yield of 6.10%. The ex-dividend date of this dividend is Thursday, February 25th.
Shares of Russel Metals stock opened at C$24.91 on Tuesday. The company’s fifty day simple moving average is C$24.14 and its 200-day simple moving average is C$20.75. The company has a market cap of C$1.55 billion and a price-to-earnings ratio of 63.92. The company has a current ratio of 3.55, a quick ratio of 1.24 and a debt-to-equity ratio of 46.19. Russel Metals has a 1 year low of C$10.97 and a 1 year high of C$26.59.
Several brokerages have recently issued reports on RUS. Laurentian Bank of Canada raised their price objective on shares of Russel Metals from C$22.00 to C$28.00 in a research note on Tuesday, February 9th. Scotiabank raised their target price on Russel Metals from C$26.00 to C$26.50 in a research report on Friday, February 12th. Raymond James raised their target price on Russel Metals to C$27.00 and gave the stock an “outperform” rating in a research report on Friday, February 12th. Royal Bank of Canada raised their target price on Russel Metals from C$25.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Friday, February 12th. Finally, Laurentian raised their target price on Russel Metals from C$22.00 to C$28.00 in a research report on Tuesday, February 9th.
Russel Metals Company Profile
Russel Metals Inc, a metals distribution company, distributes steel and other metal products in North America. The company operates in three segments: Metal Service Centers, Energy Products, and Steel Distributors. The Metal Service Centers segment sells plates, flat rolled carbon, stainless steel, aluminum, and other non-ferrous specialty metal products, as well as general line steel products, such as plates, structural, bars, sheets, pipes, tubing, and hollow structural steel tubing.
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