ArcelorMittal S.A. (NYSE:MT) Declares Semi-annual Dividend of $0.28

ArcelorMittal S.A. (NYSE:MT - Get Free Report) declared a semi-annual dividend on Tuesday, March 18th, Wall Street Journal reports. Investors of record on Thursday, November 13th will be paid a dividend of 0.275 per share by the basic materials company on Wednesday, December 3rd. This represents a yield of 1.5%. The ex-dividend date is Wednesday, November 12th.

ArcelorMittal has increased its dividend by an average of 18.6% per year over the last three years. ArcelorMittal has a payout ratio of 9.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ArcelorMittal to earn $5.14 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 9.7%.

ArcelorMittal Trading Down 1.3 %

NYSE MT traded down $0.41 on Friday, hitting $31.60. The company's stock had a trading volume of 1,888,723 shares, compared to its average volume of 1,787,752. The company's 50-day moving average is $27.84 and its 200 day moving average is $25.45. The firm has a market cap of $25.88 billion, a PE ratio of 19.15, a PEG ratio of 0.14 and a beta of 1.79. ArcelorMittal has a 1-year low of $20.52 and a 1-year high of $34.90. The company has a quick ratio of 0.59, a current ratio of 1.35 and a debt-to-equity ratio of 0.17.

ArcelorMittal (NYSE:MT - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.52 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($0.09). ArcelorMittal had a net margin of 2.14% and a return on equity of 4.31%. As a group, analysts predict that ArcelorMittal will post 3.72 earnings per share for the current fiscal year.

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Wall Street Analysts Forecast Growth

Separately, Morgan Stanley cut ArcelorMittal from an "overweight" rating to an "equal weight" rating in a research note on Friday, February 14th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, ArcelorMittal has an average rating of "Moderate Buy" and an average target price of $31.17.

About ArcelorMittal

ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in the United States, Europe, and internationally. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.