Gerdau S.A. (NYSE:GGB) to Issue Dividend Increase – $0.05 Per Share

Gerdau S.A. (NYSE:GGB) declared a dividend on Wednesday, November 6th,NASDAQ Dividends reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.0528 per share by the basic materials company on Monday, December 23rd. The ex-dividend date is Thursday, November 21st. This is an increase from Gerdau’s previous dividend of $0.00396825396825397.

Gerdau has raised its dividend payment by an average of 58.3% annually over the last three years. Gerdau has a payout ratio of 17.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Gerdau to earn $0.57 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 14.0%.

Gerdau Price Performance

Shares of Gerdau stock traded up $0.10 during trading on Thursday, hitting $3.60. 16,152,138 shares of the company’s stock traded hands, compared to its average volume of 8,381,056. The company has a market cap of $7.58 billion, a PE ratio of 7.36 and a beta of 1.75. The firm’s fifty day moving average price is $3.30 and its 200 day moving average price is $3.32. Gerdau has a twelve month low of $2.92 and a twelve month high of $4.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.83 and a quick ratio of 1.36.

About Gerdau

Gerdau SA, together with its subsidiaries, operates as a steel producer company. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business segments. It also provides semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles to the construction and manufacturing industries; drawn products comprising barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire mesh, nails, and clamps for manufacturing, construction, and agricultural industries; and special steel products used in auto parts, light and heavy vehicles, and agricultural machinery, as well as in the oil and gas, wind energy, machinery and equipment, mining and rail, and other markets.