Gerdau S.A. (NYSE:GGB) Announces Quarterly Dividend of $0.02

Gerdau S.A. (NYSE:GGB - Get Free Report) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Friday, March 7th will be given a dividend of 0.0175 per share by the basic materials company on Friday, March 21st. This represents a $0.07 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Friday, March 7th.

Gerdau has decreased its dividend by an average of 20.6% annually over the last three years. Gerdau has a payout ratio of 46.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Gerdau to earn $0.47 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 42.6%.

Gerdau Price Performance

Shares of NYSE GGB traded up $0.03 during midday trading on Tuesday, hitting $2.85. The stock had a trading volume of 13,203,214 shares, compared to its average volume of 9,274,101. The company has a market capitalization of $5.91 billion, a PE ratio of 6.62 and a beta of 1.73. Gerdau has a 1 year low of $2.67 and a 1 year high of $4.04. The stock has a 50 day simple moving average of $2.94 and a 200-day simple moving average of $3.19. The company has a quick ratio of 1.53, a current ratio of 2.98 and a debt-to-equity ratio of 0.21.

Gerdau (NYSE:GGB - Get Free Report) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Gerdau had a return on equity of 7.74% and a net margin of 7.03%. The business had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.66 billion. On average, sell-side analysts expect that Gerdau will post 0.46 EPS for the current fiscal year.

Gerdau Company Profile

Gerdau SA, together with its subsidiaries, operates as a steel producer company. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business segments. It also provides semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles to the construction and manufacturing industries; drawn products comprising barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire mesh, nails, and clamps for manufacturing, construction, and agricultural industries; and special steel products used in auto parts, light and heavy vehicles, and agricultural machinery, as well as in the oil and gas, wind energy, machinery and equipment, mining and rail, and other markets.