Radius Recycling, Inc. Declares Quarterly Dividend of $0.19 (NASDAQ:RDUS)

Radius Recycling, Inc. (NASDAQ:RDUS - Get Free Report) announced a quarterly dividend on Tuesday, October 22nd, Wall Street Journal reports. Shareholders of record on Tuesday, November 12th will be given a dividend of 0.1875 per share by the basic materials company on Tuesday, November 26th. This represents a $0.75 annualized dividend and a yield of 4.71%. The ex-dividend date is Tuesday, November 12th.

Radius Recycling has a dividend payout ratio of -187.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Radius Recycling to earn ($1.02) per share next year, which means the company may not be able to cover its $0.75 annual dividend with an expected future payout ratio of -73.5%.

Radius Recycling Stock Performance

Shares of RDUS traded down $0.40 during trading hours on Friday, reaching $15.94. 146,955 shares of the company traded hands, compared to its average volume of 222,360. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 1.96. The stock's fifty day moving average is $16.64 and its 200 day moving average is $16.70. Radius Recycling has a 1-year low of $12.69 and a 1-year high of $31.70. The stock has a market cap of $446.96 million, a P/E ratio of -1.64 and a beta of 1.53.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The basic materials company reported ($0.41) EPS for the quarter, beating the consensus estimate of ($0.59) by $0.18. Radius Recycling had a negative return on equity of 5.89% and a negative net margin of 10.28%. The firm had revenue of $771.00 million during the quarter, compared to analysts' expectations of $680.80 million. During the same quarter in the prior year, the firm posted $0.47 EPS. The company's revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts anticipate that Radius Recycling will post -3.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Radius Recycling from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th.

Radius Recycling Company Profile

Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.