Stelco Holdings Inc. Declares Quarterly Dividend of $0.50 (TSE:STL)

Stelco Holdings Inc. (TSE:STL) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Friday, May 17th will be given a dividend of 0.50 per share on Friday, May 24th. This represents a $2.00 annualized dividend and a dividend yield of ∞. The ex-dividend date is Thursday, May 16th.

Stelco Price Performance

Stelco has a 12-month low of C$21.00 and a 12-month high of C$26.50.

Stelco (TSE:STL) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.16) by C$0.32. The firm had revenue of C$613.00 million during the quarter, compared to analyst estimates of C$624.61 million.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on STL shares. Stifel Canada upgraded Stelco from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. National Bank Financial upgraded shares of Stelco from a “sector perform overweight” rating to an “outperform market weight” rating in a research report on Thursday, February 22nd.