Commercial Metals Co. (CMC) Plans Quarterly Dividend of $0.12

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Commercial Metals (NYSE:CMC) announced a quarterly dividend on Friday, June 27th, Stock Ratings Network reports. Investors of record on Thursday, July 10th will be paid a dividend of 0.12 per share on Thursday, July 24th. This represents a $0.48 annualized dividend and a dividend yield of 2.65%.

Commercial Metals (NYSE:CMC) opened at 18.09 on Friday. Commercial Metals has a 52-week low of $14.24 and a 52-week high of $21.20. The stock’s 50-day moving average is $18.22 and its 200-day moving average is $19.12. The company has a market cap of $2.130 billion and a P/E ratio of 26.47.

Commercial Metals (NYSE:CMC) last released its earnings data on Friday, June 27th. The company reported $0.29 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.30 by $0.01. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the company posted $0.16 earnings per share. Commercial Metals’s revenue was up 3.0% compared to the same quarter last year. Analysts expect that Commercial Metals will post $1.07 EPS for the current fiscal year.

Commercial Metals Company and its subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network, including steel minimills, steel fabrication and processing plants, construction-related product warehouses, a copper tube minimill, metal recycling facilities and marketing and distribution in the United States and in international markets.

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