Tree Island Steel Ltd. Plans Quarterly Dividend of $0.02 (TSE:TSL)

Tree Island Steel Ltd. (TSE:TSL) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.015 per share on Tuesday, April 15th. This represents a $0.06 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Monday, March 31st.

Tree Island Steel Stock Down 0.4 %

Shares of TSE:TSL traded down C$0.01 during trading on Friday, hitting C$2.59. The stock had a trading volume of 2,940 shares, compared to its average volume of 13,131. The company has a market capitalization of C$66.70 million, a PE ratio of -26.71 and a beta of 0.96. The company has a quick ratio of 1.75, a current ratio of 5.14 and a debt-to-equity ratio of 21.28. The firm’s fifty day moving average is C$2.83 and its 200 day moving average is C$2.87. Tree Island Steel has a 12 month low of C$2.45 and a 12 month high of C$3.38.

Tree Island Steel Company Profile

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers low-carbon and high-carbon galvanized steel wires; clean and bright wire for industrial and original equipment manufacturer customers; agricultural products, including fencing, barbed wire, galvanized wire, and bright wire, as well as other fabricated wire products specifically for farming, ranching, and vineyards; welded wire concrete reinforcing mesh and other fabricated wire products for heavy construction industry and infrastructure projects; and nails and stucco reinforcing products for residential and light commercial construction.