Olympic Steel, Inc. Announces Quarterly Dividend of $0.02 (ZEUS)
Olympic Steel, Inc. (NASDAQ:ZEUS) announced a quarterly dividend on Tuesday, February 13th, Wall Street Journal reports. Shareholders of record on Thursday, March 1st will be paid a dividend of 0.02 per share by the basic materials company on Thursday, March 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Wednesday, February 28th.
Shares of Olympic Steel (ZEUS) opened at $23.35 on Wednesday. Olympic Steel has a 52 week low of $15.83 and a 52 week high of $27.16. The stock has a market capitalization of $247.74, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 1.55 and a beta of 1.90. The company has a quick ratio of 1.54, a current ratio of 4.23 and a debt-to-equity ratio of 0.82.
ZEUS has been the subject of a number of recent research reports. BidaskClub raised Olympic Steel from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. KeyCorp reaffirmed a “hold” rating on shares of Olympic Steel in a research note on Friday, November 24th. Finally, Zacks Investment Research downgraded Olympic Steel from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.50.
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About Olympic Steel
Olympic Steel, Inc is a metals service center. The Company provides metals processing and distribution services for a range of customers. The Company operates through three segments: carbon flat products, specialty metals flat products, and tubular and pipe products. The Company’s carbon flat products segment’s focus is on the direct sale and distribution of large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts.
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