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

Ryerson Holding Co. (NYSE:RYI) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Thursday, March 6th will be given 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 dividend yield of 3.27%.

Ryerson has increased its dividend by an average of 65.7% annually over the last three years. Ryerson has a payout ratio of 55.6% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NYSE:RYI opened at $22.94 on Friday. The business has a fifty day moving average price of $20.68 and a 200-day moving average price of $21.13. Ryerson has a 1-year low of $17.18 and a 1-year high of $35.28. The company has a market capitalization of $730.58 million, a PE ratio of 37.60 and a beta of 1.59. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06.

Ryerson (NYSE:RYI) last posted its 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 net margin of 0.46% and a return on equity of 2.66%. As a group, equities analysts expect that Ryerson will post -0.45 EPS for the current fiscal year.

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.