Tree Island Steel Ltd. (TSE:TSL) Senior Officer Nancy Adriana Davies Purchases 5,000 Shares

Tree Island Steel Ltd. (TSE:TSL) Senior Officer Nancy Adriana Davies purchased 5,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were acquired at an average cost of C$2.92 per share, for a total transaction of C$14,580.00.

Tree Island Steel Price Performance

TSE TSL opened at C$2.92 on Friday. Tree Island Steel Ltd. has a one year low of C$2.48 and a one year high of C$3.70. The stock has a 50-day moving average of C$2.81 and a 200 day moving average of C$2.87. The company has a debt-to-equity ratio of 21.10, a quick ratio of 1.75 and a current ratio of 5.39. The company has a market capitalization of C$76.36 million, a price-to-earnings ratio of 58.40 and a beta of 0.96.

Tree Island Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.12 annualized dividend and a dividend yield of 4.11%. Tree Island Steel’s payout ratio is 240.00%.

About Tree Island Steel

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.