Olympic Steel, Inc. Declares Quarterly Dividend of $0.15 (NASDAQ:ZEUS)

Olympic Steel, Inc. (NASDAQ:ZEUS) announced a quarterly dividend on Thursday, August 1st, NASDAQ reports. Shareholders of record on Monday, September 2nd will be paid a dividend of 0.15 per share by the basic materials company on Monday, September 16th. This represents a $0.60 annualized dividend and a yield of 1.34%. The ex-dividend date is Friday, August 30th.

Olympic Steel has raised its dividend payment by an average of 84.2% per year over the last three years. Olympic Steel has a dividend payout ratio of 19.9% meaning its dividend is sufficiently covered by earnings.

Olympic Steel Stock Performance

Shares of NASDAQ:ZEUS opened at $44.84 on Friday. The firm has a market capitalization of $499.07 million, a PE ratio of 11.96 and a beta of 1.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.28 and a quick ratio of 1.21. The business has a 50-day moving average of $47.19 and a two-hundred day moving average of $58.98. Olympic Steel has a 12 month low of $40.39 and a 12 month high of $73.49.

Olympic Steel (NASDAQ:ZEUS) last posted its earnings results on Thursday, August 1st. The basic materials company reported $0.60 earnings per share (EPS) for the quarter. Olympic Steel had a return on equity of 5.01% and a net margin of 1.74%. The business had revenue of $526.25 million during the quarter. During the same quarter last year, the business posted $1.24 EPS.

About Olympic Steel

Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates.