Companhia Siderúrgica Nacional (NYSE:SID – Get Free Report) declared a — dividend on Friday, May 17th, Wall Street Journal reports. Stockholders of record on Friday, January 1st will be paid a dividend of 0.1395 per share by the basic materials company on Wednesday, May 22nd. This represents a dividend yield of 16.6%. The ex-dividend date is Wednesday, May 22nd.
Companhia Siderúrgica Nacional has raised its dividend payment by an average of 440.0% per year over the last three years.
Companhia Siderúrgica Nacional Stock Performance
Shares of NYSE:SID opened at $2.77 on Friday. Companhia Siderúrgica Nacional has a 52 week low of $2.11 and a 52 week high of $4.03. The company has a 50-day moving average price of $2.91 and a 200 day moving average price of $3.24. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.94 and a current ratio of 1.32.
Analyst Ratings Changes
Several brokerages recently commented on SID. Bank of America cut shares of Companhia Siderúrgica Nacional from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $3.90 to $2.90 in a research note on Tuesday, April 9th. Itau BBA Securities reiterated an “underperform” rating and set a $3.00 price target on shares of Companhia Siderúrgica Nacional in a research report on Thursday, April 4th. Finally, StockNews.com cut Companhia Siderúrgica Nacional from a “strong-buy” rating to a “buy” rating in a report on Wednesday.
Get Our Latest Stock Report on SID
Companhia Siderúrgica Nacional Company Profile
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products consisting of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.
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