Olympic Steel, Inc. (NASDAQ:ZEUS) Declares Quarterly Dividend of $0.15

Olympic Steel, Inc. (NASDAQ:ZEUS - Get Free Report) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.15 per share by the basic materials company on Monday, December 16th. This represents a $0.60 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Monday, December 2nd.

Olympic Steel has raised its dividend by an average of 84.2% per year over the last three years. Olympic Steel has a dividend payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings.

Olympic Steel Trading Down 3.7 %

Shares of ZEUS traded down $1.31 during trading hours on Friday, reaching $34.57. 234,110 shares of the company traded hands, compared to its average volume of 97,785. The stock's fifty day moving average price is $38.31 and its 200 day moving average price is $45.95. The company has a current ratio of 3.77, a quick ratio of 1.43 and a debt-to-equity ratio of 0.37. The firm has a market cap of $384.76 million, a price-to-earnings ratio of 15.16 and a beta of 1.47. Olympic Steel has a 12-month low of $32.23 and a 12-month high of $73.49.

Olympic Steel (NASDAQ:ZEUS - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. The company had revenue of $526.25 million during the quarter. Olympic Steel had a net margin of 1.32% and a return on equity of 3.80%. During the same period last year, the firm earned $1.24 earnings per share.

Analyst Ratings Changes

Separately, StockNews.com lowered Olympic Steel from a "buy" rating to a "hold" rating in a research report on Friday, October 25th.

About Olympic Steel

Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates.