Russel Metals Inc. (TSE:RUS) Plans $0.38 Quarterly Dividend

Russel Metals Inc. (TSE:RUS) declared a quarterly dividend on Thursday, February 25th, TickerTech reports. Investors of record on Monday, March 15th will be given a dividend of 0.38 per share on Monday, March 15th. This represents a $1.52 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date is Thursday, February 25th.

Russel Metals stock opened at C$24.93 on Tuesday. Russel Metals has a 52 week low of C$10.97 and a 52 week high of C$26.59. The company has a debt-to-equity ratio of 46.19, a quick ratio of 1.24 and a current ratio of 3.55. The stock has a market capitalization of C$1.55 billion and a P/E ratio of 63.92. The stock has a 50-day simple moving average of C$24.14 and a 200 day simple moving average of C$20.75.

A number of equities analysts recently commented on RUS shares. Raymond James lifted their price target on Russel Metals to C$27.00 and gave the stock an “outperform” rating in a report on Friday, February 12th. Laurentian boosted their price objective on Russel Metals from C$22.00 to C$28.00 in a report on Tuesday, February 9th. Royal Bank of Canada boosted their price objective on Russel Metals from C$25.00 to C$27.00 and gave the stock an “outperform” rating in a report on Friday, February 12th. Laurentian Bank of Canada boosted their price objective on Russel Metals from C$22.00 to C$28.00 in a report on Tuesday, February 9th. Finally, Scotiabank boosted their price objective on Russel Metals from C$26.00 to C$26.50 in a report on Friday, February 12th.

In other news, Director Brian Robie Hedges sold 10,000 shares of Russel Metals stock in a transaction that occurred on Thursday, December 3rd. The shares were sold at an average price of C$21.20, for a total value of C$212,027.00. Following the completion of the sale, the director now directly owns 115,000 shares in the company, valued at C$2,438,310.50. Over the last quarter, insiders sold 20,605 shares of company stock valued at $439,769.

About Russel Metals

Russel Metals Inc, a metals distribution company, distributes steel and other metal products in North America. The company operates in three segments: Metal Service Centers, Energy Products, and Steel Distributors. The Metal Service Centers segment sells plates, flat rolled carbon, stainless steel, aluminum, and other non-ferrous specialty metal products, as well as general line steel products, such as plates, structural, bars, sheets, pipes, tubing, and hollow structural steel tubing.

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Dividend History for Russel Metals (TSE:RUS)

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