Tree Island Steel Ltd. (TSE:TSL) Declares $0.03 Quarterly Dividend

Tree Island Steel Ltd. (TSE:TSLGet Rating) declared a quarterly dividend on Friday, May 13th, Zacks reports. Shareholders of record on Thursday, June 30th will be given a dividend of 0.03 per share on Friday, July 15th. This represents a $0.12 annualized dividend and a yield of 2.65%. The ex-dividend date is Wednesday, June 29th.

TSL stock opened at C$4.53 on Friday. The stock’s fifty day simple moving average is C$5.36 and its two-hundred day simple moving average is C$5.16. The company has a current ratio of 2.87, a quick ratio of 1.31 and a debt-to-equity ratio of 30.93. Tree Island Steel has a 1-year low of C$3.21 and a 1-year high of C$7.23. The stock has a market cap of C$128.81 million and a P/E ratio of 1.47.

Tree Island Steel (TSE:TSLGet Rating) last posted its quarterly earnings data on Wednesday, March 2nd. The company reported C$2.08 earnings per share for the quarter. The business had revenue of C$75.95 million during the quarter. As a group, analysts forecast that Tree Island Steel will post 0.23 earnings per share for the current fiscal year.

About Tree Island Steel (Get Rating)

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. It offers industrial products, such as pulp and unitizing, recycling wire, chain link, upholstery, low carbon, and shaped wires, as well as straight and cut bars and wirelines for use in the oil industry.

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Dividend History for Tree Island Steel (TSE:TSL)

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