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

Ryerson Holding Co. (NYSE:RYI) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Thursday, March 6th will be paid a dividend of 0.1875 per share by the basic materials company on Thursday, March 20th. This represents a $0.75 annualized dividend and a 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 payout ratio of 55.6% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 0.2 %

NYSE:RYI traded down $0.05 on Thursday, reaching $22.94. The company’s stock had a trading volume of 172,997 shares, compared to its average volume of 247,370. The firm has a market cap of $730.58 million, a price-to-earnings ratio of 37.60 and a beta of 1.59. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. Ryerson has a 12-month low of $17.18 and a 12-month high of $35.28. The stock has a 50 day moving average price of $20.68 and a 200 day moving average price of $21.12.

Ryerson (NYSE:RYI) last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.34. Ryerson had a return on equity of 2.66% and a net margin of 0.46%. On average, equities analysts anticipate that Ryerson will post -0.45 EPS for the current fiscal 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.