Stelco Holdings Inc (TSE:STLC) Plans Quarterly Dividend of $0.10

Stelco Holdings Inc (TSE:STLC) declared a quarterly dividend on Friday, November 22nd, TickerTech reports. Investors of record on Friday, November 29th will be given a dividend of 0.10 per share on Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 3.69%. The ex-dividend date is Friday, November 22nd.

STLC traded up C$0.05 on Wednesday, hitting C$10.85. 130,491 shares of the company were exchanged, compared to its average volume of 174,854. The firm has a fifty day simple moving average of C$10.32 and a two-hundred day simple moving average of C$12.94. The company has a debt-to-equity ratio of 32.39, a quick ratio of 0.86 and a current ratio of 1.79. Stelco has a 12 month low of C$8.60 and a 12 month high of C$21.42. The stock has a market capitalization of $1.01 billion and a PE ratio of 3.47.

STLC has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price target on Stelco from C$23.00 to C$15.00 in a research report on Monday, September 23rd. National Bank Financial reduced their price target on Stelco from C$15.00 to C$10.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 8th.

About Stelco

Stelco Holdings Inc is Canada-based company and owner of one of the technologically advanced integrated steelmaking facilities in North America. The Company produce flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products as well as metallurgical coke. With gauge, crown, and shape control, as well as reliable uniformity of mechanical properties, The Company’s steel products are supplied to customers in the construction, automotive and energy industries across Canada and the United States, as well as to a variety of steel service centers, which are regional distributors of steel products.

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Dividend History for Stelco (TSE:STLC)

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