Ferroglobe PLC (GSM) to Issue Quarterly Dividend of $0.01 on September 27th

Ferroglobe PLC (NASDAQ:GSM) declared a quarterly dividend on Monday, August 5th, Zacks reports. Shareholders of record on Friday, September 20th will be paid a dividend of 0.013 per share by the basic materials company on Friday, September 27th. This represents a $0.05 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Friday, September 20th.

Ferroglobe has a dividend payout ratio of 10.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Ferroglobe to earn $0.49 per share next year, which means the company should continue to be able to cover its $0.05 annual dividend with an expected future payout ratio of 10.2%.

Ferroglobe Trading Up 0.7 %

NASDAQ GSM opened at $4.18 on Wednesday. The stock has a market cap of $783.47 million, a P/E ratio of 12.29 and a beta of 1.83. Ferroglobe has a fifty-two week low of $4.07 and a fifty-two week high of $6.78. The stock has a 50 day simple moving average of $4.83 and a two-hundred day simple moving average of $5.12. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.91 and a current ratio of 1.63.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. Ferroglobe had a net margin of 4.11% and a return on equity of 11.27%. The business had revenue of $451.05 million for the quarter, compared to analysts’ expectations of $425.55 million. During the same quarter in the previous year, the business posted $0.30 earnings per share. On average, analysts forecast that Ferroglobe will post 0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Ferroglobe from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th.

Ferroglobe Company Profile

Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.