Ryerson Holding Co. Announces Quarterly Dividend of $0.19 (NYSE:RYI)

Ryerson Holding Co. (NYSE:RYI) announced a quarterly dividend on Tuesday, April 30th, Zacks reports. Investors of record on Thursday, June 6th will be paid a dividend of 0.188 per share by the basic materials company on Thursday, June 20th. This represents a $0.75 annualized dividend and a yield of 3.19%. The ex-dividend date is Thursday, June 6th.

Ryerson has a payout ratio of 22.3% indicating that its dividend is sufficiently covered by earnings.

Ryerson Stock Down 5.0 %

Shares of RYI traded down $1.24 during midday trading on Thursday, hitting $23.54. The stock had a trading volume of 82,506 shares, compared to its average volume of 221,008. The company has a 50 day simple moving average of $31.91 and a two-hundred day simple moving average of $31.67. Ryerson has a twelve month low of $23.01 and a twelve month high of $44.70. The firm has a market cap of $800.83 million, a price-to-earnings ratio of 8.97 and a beta of 1.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.18 and a quick ratio of 0.95.

Ryerson (NYSE:RYI) last released its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.49. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Ryerson had a return on equity of 10.28% and a net margin of 1.84%. During the same quarter last year, the business posted ($0.65) EPS.

Insider Activity

In other news, insider Alagu Sundarrajan sold 7,407 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $32.77, for a total value of $242,727.39. Following the completion of the transaction, the insider now owns 13,077 shares in the company, valued at approximately $428,533.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.88% of the stock is owned by corporate insiders.

Ryerson Company Profile

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.