Tree Island Steel Ltd. (TSE:TSL) to Issue $0.03 Quarterly Dividend

Tree Island Steel Ltd. (TSE:TSL) announced a quarterly dividend on Monday, September 16th, Zacks reports. Investors of record on Friday, September 27th will be given a dividend of 0.03 per share on Tuesday, October 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Friday, September 27th.

Tree Island Steel Price Performance

Shares of TSE:TSL opened at C$2.59 on Tuesday. Tree Island Steel has a twelve month low of C$2.48 and a twelve month high of C$3.70. The company has a current ratio of 5.39, a quick ratio of 1.75 and a debt-to-equity ratio of 21.10. The company has a market cap of C$67.73 million, a PE ratio of 51.80 and a beta of 0.97. The company’s 50 day moving average is C$2.78 and its 200 day moving average is C$3.04.

Tree Island Steel (TSE:TSL) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.02 earnings per share for the quarter. The firm had revenue of C$57.72 million for the quarter. Tree Island Steel had a net margin of 0.61% and a return on equity of 1.01%. On average, sell-side analysts forecast that Tree Island Steel will post 0.3627312 EPS for the current year.

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.