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

Ryerson Holding Co. (NYSE:RYI) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Stockholders of record on Thursday, March 6th will be given a dividend of 0.1875 per share by the basic materials company on Thursday, March 20th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.27%.

Ryerson has increased its dividend payment by an average of 65.7% per year over the last three years. Ryerson has a dividend payout ratio of 55.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Ryerson to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 62.5%.

Ryerson Stock Performance

Shares of RYI stock opened at $22.94 on Friday. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average of $20.68 and a 200 day moving average of $21.13. The firm has a market capitalization of $730.58 million, a price-to-earnings ratio of 37.60 and a beta of 1.59. Ryerson has a 52 week low of $17.18 and a 52 week high of $35.28.

Ryerson (NYSE:RYI) last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.34. Ryerson had a net margin of 0.46% and a return on equity of 2.66%. As a group, research analysts expect that Ryerson will post -0.45 earnings per share for the current year.

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.