Tree Island Steel Ltd. (TSE:TSL) Plans Quarterly Dividend of $0.02

Tree Island Steel Ltd. (TSE:TSL) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.015 per share on Tuesday, April 15th. This represents a $0.06 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Monday, March 31st.

Tree Island Steel Trading Down 0.4 %

Tree Island Steel stock traded down C$0.01 during trading hours on Friday, reaching C$2.59. The company had a trading volume of 2,940 shares, compared to its average volume of 13,131. The company has a debt-to-equity ratio of 21.28, a current ratio of 5.14 and a quick ratio of 1.75. Tree Island Steel has a 12-month low of C$2.45 and a 12-month high of C$3.38. The company has a 50-day moving average price of C$2.83 and a 200 day moving average price of C$2.87. The firm has a market cap of C$66.70 million, a price-to-earnings ratio of -26.71 and a beta of 0.96.

About Tree Island Steel

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers low-carbon and high-carbon galvanized steel wires; clean and bright wire for industrial and original equipment manufacturer customers; agricultural products, including fencing, barbed wire, galvanized wire, and bright wire, as well as other fabricated wire products specifically for farming, ranching, and vineyards; welded wire concrete reinforcing mesh and other fabricated wire products for heavy construction industry and infrastructure projects; and nails and stucco reinforcing products for residential and light commercial construction.