Russel Metals Inc. Declares Quarterly Dividend of $0.38 (TSE:RUS)

Russel Metals Inc. (TSE:RUSGet Rating) announced a quarterly dividend on Friday, November 25th, TickerTech reports. Investors of record on Thursday, December 15th will be given a dividend of 0.38 per share on Thursday, December 15th. This represents a $1.52 annualized dividend and a yield of 5.22%. The ex-dividend date is Friday, November 25th.

Russel Metals Price Performance

Shares of TSE RUS opened at C$29.14 on Wednesday. The company has a current ratio of 3.21, a quick ratio of 1.44 and a debt-to-equity ratio of 27.05. Russel Metals has a twelve month low of C$23.80 and a twelve month high of C$36.15. The stock has a 50 day moving average of C$27.26 and a two-hundred day moving average of C$27.99. The stock has a market cap of C$1.82 billion and a P/E ratio of 4.44.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on RUS shares. BMO Capital Markets reduced their price objective on Russel Metals from C$36.00 to C$32.00 in a research note on Friday, August 12th. TD Securities cut Russel Metals from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$36.00 to C$35.00 in a research note on Friday, November 11th. Royal Bank of Canada cut Russel Metals from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$35.00 to C$34.00 in a research note on Friday, November 11th. Scotiabank boosted their price objective on Russel Metals from C$37.50 to C$38.00 in a research note on Friday, November 11th. Finally, Stifel Nicolaus boosted their price objective on Russel Metals from C$40.00 to C$41.00 in a research note on Monday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$37.71.

About Russel Metals

(Get Rating)

Russel Metals Inc operates as a metal distribution company in North America. The company operates through three segments: Metals 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 shapes, bars, sheets, pipes, tubing, and hollow structural steel tubing.

Featured Stories

Dividend History for Russel Metals (TSE:RUS)

Receive News & Ratings for Russel Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Russel Metals and related companies with MarketBeat.com's FREE daily email newsletter.