Steel Partners Holdings LP (SPLP) to Issue Not Available Dividend of $0.38 on December 15th

Steel Partners Holdings LP (NYSE:SPLP) declared a Not Available dividend on Thursday, November 14th, Zacks reports. Stockholders of record on Sunday, December 1st will be given a dividend of 0.375 per share by the conglomerate on Sunday, December 15th. The ex-dividend date of this dividend is Wednesday, November 27th.

Steel Partners stock traded up $0.06 during midday trading on Monday, hitting $11.47. 2,506 shares of the company’s stock were exchanged, compared to its average volume of 24,459. The company has a market cap of $286.11 million, a PE ratio of 10.43 and a beta of 0.67. The firm has a 50-day moving average of $12.37 and a two-hundred day moving average of $13.26. Steel Partners has a 12 month low of $11.41 and a 12 month high of $15.71. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.05.

Separately, ValuEngine raised shares of Steel Partners from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

In related news, COO William Theodore Fejes, Jr. sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $11.60, for a total value of $290,000.00. Following the completion of the transaction, the chief operating officer now directly owns 194,813 shares of the company’s stock, valued at approximately $2,259,830.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 56.90% of the company’s stock.

About Steel Partners

Steel Partners Holdings L.P., through its subsidiaries, engages in industrial products, energy, defense, supply chain management, logistics, banking, and youth sports businesses worldwide. It operates through Diversified Industrial, Energy, and Financial Services segments. The company fabricates precious metals and alloys into brazing alloys; manufactures and sells seamless stainless steel tubing coils; fasteners, adhesives, and fastening systems for the commercial low slope roofing industry, as well as specialty fasteners for the building products industry; and woven substrates of fiberglass, quartz, carbon, and aramid materials for specialty applications.

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