ArcelorMittal S.A. (NYSE:MT) Plans $0.28 Semi-annual Dividend

ArcelorMittal S.A. (NYSE:MT) declared a semi-annual dividend on Tuesday, March 18th, Wall Street Journal reports. Shareholders of record on Thursday, November 13th will be paid a dividend of 0.275 per share by the basic materials company on Wednesday, December 3rd. This represents a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, November 12th.

ArcelorMittal has increased its dividend payment by an average of 18.6% annually over the last three years. ArcelorMittal has a dividend payout ratio of 9.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ArcelorMittal to earn $5.14 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 9.7%.

ArcelorMittal Price Performance

ArcelorMittal stock opened at $32.04 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $26.25 billion, a P/E ratio of 19.42, a PEG ratio of 0.14 and a beta of 1.79. The business has a 50-day moving average of $27.01 and a 200-day moving average of $25.23. ArcelorMittal has a 1 year low of $20.52 and a 1 year high of $34.90.

ArcelorMittal (NYSE:MT) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.09). ArcelorMittal had a net margin of 2.14% and a return on equity of 4.31%. On average, equities analysts anticipate that ArcelorMittal will post 3.72 EPS for the current year.

Analyst Ratings Changes

Separately, Morgan Stanley cut shares of ArcelorMittal from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, ArcelorMittal has an average rating of “Moderate Buy” and a consensus target price of $31.17.

ArcelorMittal Company Profile

ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in the United States, Europe, and internationally. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.