Russel Metals Inc (TSE:RUS) announced a quarterly dividend on Monday, August 26th, TickerTech reports. Investors of record on Monday, September 16th will be paid a dividend of 0.38 per share on Monday, September 16th. This represents a $1.52 annualized dividend and a yield of 7.61%. The ex-dividend date of this dividend is Monday, August 26th.

Shares of RUS opened at C$19.97 on Friday. The business has a 50-day moving average of C$20.28 and a 200 day moving average of C$22.49. Russel Metals has a fifty-two week low of C$18.47 and a fifty-two week high of C$29.45. The firm has a market cap of $1.24 billion and a P/E ratio of 5.79. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.10 and a current ratio of 2.75.

In other Russel Metals news, Director James Francis Dinning purchased 2,500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was purchased at an average price of C$20.34 per share, for a total transaction of C$50,851.00. Following the transaction, the director now owns 25,000 shares in the company, valued at approximately C$508,510.

Several brokerages recently weighed in on RUS. Royal Bank of Canada decreased their price objective on Russel Metals from C$25.00 to C$22.00 and set a “sector perform” rating for the company in a report on Monday, August 12th. TD Securities decreased their price objective on Russel Metals from C$27.00 to C$24.00 and set a “buy” rating for the company in a report on Monday, August 12th. BMO Capital Markets cut their target price on Russel Metals from C$26.00 to C$24.00 in a research note on Thursday, July 4th. Finally, Raymond James restated an “outperform” rating and issued a C$27.00 target price on shares of Russel Metals in a research note on Tuesday, August 20th.

About Russel Metals

Russel Metals Inc distributes steel and metal products in North America. The company operates through three segments: Metal Service Centers, Energy Products, and Steel Distributors. The Metal Service Center segment sells plates, flat rolled carbon and general line steel products, stainless steel, aluminum, and other non-ferrous specialty metal products.

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Dividend History for Russel Metals (TSE:RUS)

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