Ferroglobe PLC (NASDAQ:GSM) Declares Quarterly Dividend of $0.01

Ferroglobe PLC (NASDAQ:GSM - Get Free Report) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Thursday, March 20th will be paid a dividend of 0.014 per share by the basic materials company on Wednesday, March 26th. This represents a $0.06 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, March 20th. This is a boost from Ferroglobe's previous quarterly dividend of $0.01.

Ferroglobe has a payout ratio of 8.1% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of NASDAQ:GSM traded down $0.19 during trading on Thursday, reaching $3.63. 1,792,548 shares of the company traded hands, compared to its average volume of 705,426. The firm has a market capitalization of $682.00 million, a PE ratio of 15.13 and a beta of 1.83. Ferroglobe has a 52 week low of $3.63 and a 52 week high of $6.19. The company has a quick ratio of 1.00, a current ratio of 1.83 and a debt-to-equity ratio of 0.02. The company's 50 day moving average is $3.94 and its two-hundred day moving average is $4.23.

Ferroglobe (NASDAQ:GSM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. The business had revenue of $367.51 million during the quarter, compared to analysts' expectations of $393.00 million. Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. As a group, sell-side analysts predict that Ferroglobe will post 0.28 earnings per share for the current year.

About Ferroglobe

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys 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; and silicon metal for primary and secondary aluminum producers.

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