Russel Metals Inc. (TSE:RUS) Plans Quarterly Dividend of $0.42

Russel Metals Inc. (TSE:RUS) announced a quarterly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.42 per share on Monday, March 17th. This represents a $1.68 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Friday, February 28th.

Russel Metals Price Performance

Shares of Russel Metals stock traded up C$0.66 during trading on Wednesday, reaching C$41.97. The company’s stock had a trading volume of 23,340 shares, compared to its average volume of 173,562. The stock has a market capitalization of C$2.40 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. Russel Metals has a one year low of C$35.20 and a one year high of C$46.87. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28. The stock has a 50-day moving average price of C$41.62 and a two-hundred day moving average price of C$40.92.

Analysts Set New Price Targets

Several analysts have weighed in on RUS shares. TD Securities boosted their price objective on Russel Metals from C$50.00 to C$52.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Raymond James upped their price objective on Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. Stifel Nicolaus increased their price target on Russel Metals from C$55.50 to C$60.00 in a research note on Friday, February 14th. Finally, Royal Bank of Canada raised Russel Metals from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$45.00 to C$51.00 in a report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Russel Metals currently has a consensus rating of “Moderate Buy” and a consensus target price of C$51.21.

Insider Buying and Selling at Russel Metals

In other Russel Metals news, Director Brian Robie Hedges sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of C$42.32, for a total transaction of C$211,600.00. 0.85% of the stock is owned by company insiders.

About Russel Metals

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.