Ryerson Holding Co. (RYI) to Issue Quarterly Dividend of $0.19 on September 19th

Ryerson Holding Co. (NYSE:RYI) declared a quarterly dividend on Tuesday, July 30th, Zacks reports. Shareholders of record on Thursday, September 5th will be paid a dividend of 0.188 per share by the basic materials company on Thursday, September 19th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, September 5th.

Ryerson has a dividend payout ratio of 39.7% meaning its dividend is sufficiently covered by earnings.

Ryerson Trading Down 5.0 %

NYSE RYI traded down $1.20 during trading hours on Thursday, hitting $22.59. 32,827 shares of the company’s stock were exchanged, compared to its average volume of 303,576. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 2.09. The firm has a market capitalization of $775.74 million, a P/E ratio of 9.22 and a beta of 1.61. The business’s 50 day moving average is $21.89 and its 200-day moving average is $27.84. Ryerson has a 12-month low of $18.21 and a 12-month high of $36.20.

Ryerson (NYSE:RYI) last issued its earnings results on Tuesday, April 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.47). Ryerson had a return on equity of 7.24% and a net margin of 1.31%. The firm had revenue of $1.24 billion during the quarter.

Wall Street Analysts Forecast Growth

RYI has been the subject of several recent research reports. BMO Capital Markets lowered their price target on Ryerson from $33.00 to $28.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. StockNews.com lowered Ryerson from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd.

Insider Activity

In other Ryerson news, Director Karen Marie Leggio bought 2,127 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were bought at an average cost of $23.50 per share, with a total value of $49,984.50. Following the transaction, the director now directly owns 2,127 shares in the company, valued at approximately $49,984.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.88% of the company’s stock.

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.