Companhia Siderúrgica Nacional (NYSE:SID – Get Free Report) announced a — dividend on Monday, November 20th, Wall Street Journal reports. Investors of record on Friday, November 24th will be given a dividend of 0.1526 per share by the basic materials company on Wednesday, November 22nd. This represents a yield of 20.2%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a boost from Companhia Siderúrgica Nacional’s previous — dividend of $0.12.
Companhia Siderúrgica Nacional Trading Up 10.8 %
NYSE SID traded up $0.33 on Monday, reaching $3.33. The company had a trading volume of 5,720,504 shares, compared to its average volume of 2,859,441. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of -109.33, a P/E/G ratio of 2.06 and a beta of 1.84. Companhia Siderúrgica Nacional has a fifty-two week low of $2.11 and a fifty-two week high of $3.70. The business has a 50 day moving average of $2.40 and a two-hundred day moving average of $2.55. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.53 and a quick ratio of 1.01.
Hedge Funds Weigh In On Companhia Siderúrgica Nacional
Large investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP lifted its position in shares of Companhia Siderúrgica Nacional by 652.2% during the 1st quarter. Two Sigma Investments LP now owns 1,348,715 shares of the basic materials company’s stock worth $4,141,000 after buying an additional 1,169,415 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Companhia Siderúrgica Nacional by 865.4% during the 4th quarter. Jane Street Group LLC now owns 1,178,445 shares of the basic materials company’s stock worth $3,253,000 after buying an additional 1,056,380 shares in the last quarter. BlackRock Inc. lifted its position in shares of Companhia Siderúrgica Nacional by 34.4% during the 2nd quarter. BlackRock Inc. now owns 3,468,677 shares of the basic materials company’s stock worth $8,984,000 after buying an additional 887,993 shares in the last quarter. Millennium Management LLC lifted its position in shares of Companhia Siderúrgica Nacional by 528.4% during the 4th quarter. Millennium Management LLC now owns 876,144 shares of the basic materials company’s stock worth $2,418,000 after buying an additional 736,721 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Companhia Siderúrgica Nacional by 608.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 713,452 shares of the basic materials company’s stock worth $1,698,000 after buying an additional 612,790 shares in the last quarter. Institutional investors own 2.38% of the company’s stock.
Analyst Upgrades and Downgrades
Companhia Siderúrgica Nacional Company Profile
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products consisting of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.
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