Russel Metals Inc. (RUS) to Issue Quarterly Dividend of $0.42 on March 17th

Russel Metals Inc. (TSE:RUS) announced a quarterly dividend on Friday, February 28th, TickerTech Dividends reports. Investors of record on Monday, March 17th will be given a dividend of 0.42 per share on Monday, March 17th. This represents a $1.68 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Friday, February 28th.

Russel Metals Trading Up 1.5 %

TSE RUS traded up C$0.60 on Wednesday, hitting C$41.91. The company’s stock had a trading volume of 29,340 shares, compared to its average volume of 173,739. The company’s 50-day moving average is C$41.62 and its 200 day moving average is C$40.92. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28. The firm has a market cap of C$2.40 billion, a PE ratio of 13.50, a PEG ratio of 0.59 and a beta of 1.52. Russel Metals has a 1-year low of C$35.20 and a 1-year high of C$46.87.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on RUS shares. Stifel Nicolaus lifted their price target on shares of Russel Metals from C$55.50 to C$60.00 in a research note on Friday, February 14th. TD Securities lifted their price objective on Russel Metals from C$50.00 to C$52.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Royal Bank of Canada raised shares of Russel Metals from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. Finally, Raymond James upped their price target on Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$51.21.

Insider Activity at Russel Metals

In related news, Director Brian Robie Hedges sold 5,000 shares of Russel Metals stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of C$42.32, for a total value of C$211,600.00. 0.85% of the stock is owned by corporate insiders.

About Russel Metals

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.