Global Brass and Copper Holdings Inc (NYSE:BRSS) declared a dividend on Friday, February 8th, Fidelity reports. Investors of record on Tuesday, February 19th will be paid a dividend of 0.09 per share by the industrial products company on Friday, March 1st. The ex-dividend date of this dividend is Friday, February 15th. This is an increase from Global Brass and Copper’s previous dividend of $0.04.
Global Brass and Copper has raised its dividend by an average of 26.0% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Global Brass and Copper has a dividend payout ratio of 11.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Global Brass and Copper to earn $2.78 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 12.9%.
Shares of BRSS stock opened at $31.01 on Friday. Global Brass and Copper has a 1-year low of $24.06 and a 1-year high of $39.05. The company has a current ratio of 3.38, a quick ratio of 1.99 and a debt-to-equity ratio of 1.56. The firm has a market cap of $688.39 million, a P/E ratio of 9.75 and a beta of 1.03.
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About Global Brass and Copper
Global Brass and Copper Holdings, Inc converts, fabricates, processes, and distributes specialized non-ferrous products in the United States, the Asia Pacific, and Mexico. The company operates in three segments: Olin Brass, Chase Brass, and A.J. Oster. The Olin Brass segment manufactures, fabricates, and converts specialized copper and brass sheets, strips, foils, tubes, and fabricated products; and rerolls and forms other alloys, such as stainless steel, carbon steel, and aluminum.
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