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

Ryerson Holding Co. (NYSE:RYI) announced a quarterly dividend on Tuesday, October 29th, RTT News reports. Stockholders of record on Thursday, December 5th will be paid a dividend of 0.1875 per share by the basic materials company on Thursday, December 19th. This represents a $0.75 annualized dividend and a dividend yield of 3.39%.

Ryerson has a dividend payout ratio of 48.7% meaning its dividend is sufficiently covered by earnings.

Ryerson Stock Down 1.4 %

Shares of NYSE:RYI traded down $0.32 during mid-day trading on Wednesday, hitting $22.10. 27,956 shares of the company traded hands, compared to its average volume of 312,588. The firm’s 50 day simple moving average is $20.03 and its 200 day simple moving average is $21.89. The firm has a market cap of $733.72 million, a P/E ratio of 12.25 and a beta of 1.56. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.11 and a current ratio of 2.38. Ryerson has a 52-week low of $17.57 and a 52-week high of $36.20.

Ryerson (NYSE:RYI) last announced its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.13. Ryerson had a return on equity of 7.27% and a net margin of 1.31%. The firm had revenue of $1.23 billion for the quarter. During the same quarter last year, the business earned $1.06 earnings per share.

About Ryerson

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.