Schnitzer Steel Industries, Inc. Plans Quarterly Dividend of $0.19 (NASDAQ:SCHN)

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) announced a quarterly dividend on Wednesday, April 7th, RTT News reports. Investors of record on Monday, April 19th will be paid a dividend of 0.1875 per share by the basic materials company on Monday, May 3rd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.80%.

Shares of Schnitzer Steel Industries stock opened at $41.75 on Thursday. The stock has a market capitalization of $1.13 billion, a P/E ratio of 69.58 and a beta of 1.37. The company has a quick ratio of 1.01, a current ratio of 1.88 and a debt-to-equity ratio of 0.21. The company has a 50-day simple moving average of $39.96 and a 200 day simple moving average of $30.13. Schnitzer Steel Industries has a 12-month low of $12.93 and a 12-month high of $46.86.

Schnitzer Steel Industries (NASDAQ:SCHN) last posted its quarterly earnings data on Tuesday, April 6th. The basic materials company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.52. Schnitzer Steel Industries had a net margin of 0.94% and a return on equity of 4.83%. During the same period in the previous year, the firm posted $0.31 earnings per share. On average, equities analysts anticipate that Schnitzer Steel Industries will post 2.33 earnings per share for the current year.

SCHN has been the subject of several research reports. TheStreet upgraded shares of Schnitzer Steel Industries from a “c+” rating to a “b” rating in a research report on Thursday, January 7th. Zacks Investment Research upgraded shares of Schnitzer Steel Industries from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective for the company in a research report on Tuesday, March 9th. Finally, KeyCorp raised their price objective on shares of Schnitzer Steel Industries from $28.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, December 22nd.

Schnitzer Steel Industries Company Profile

Schnitzer Steel Industries, Inc recycles ferrous and nonferrous scrap metals; and manufactures finished steel products worldwide. The company operates in two segments, Auto and Metals Recycling (AMR), and Cascade Steel and Scrap (CSS). The AMR segment acquires, processes, and recycles scrap metals, as well as processes mixed and large pieces of scrap metal into smaller pieces by crushing, torching, shearing, shredding, and sorting.

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Dividend History for Schnitzer Steel Industries (NASDAQ:SCHN)

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