Radius Recycling, Inc. (NASDAQ:RDUS - Get Free Report) declared a quarterly dividend on Tuesday, April 1st, Wall Street Journal reports. Shareholders of record on Monday, April 21st will be paid a dividend of 0.1875 per share by the basic materials company on Monday, May 5th. This represents a $0.75 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Monday, April 21st.
Radius Recycling has a payout ratio of 576.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Radius Recycling Trading Up 0.3 %
Shares of RDUS stock traded up $0.08 on Friday, reaching $29.07. 872,167 shares of the company's stock were exchanged, compared to its average volume of 370,102. The company's fifty day simple moving average is $20.40 and its 200 day simple moving average is $17.90. Radius Recycling has a 52 week low of $10.57 and a 52 week high of $29.20. The company has a current ratio of 2.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $818.47 million, a PE ratio of -2.90 and a beta of 1.07.
Radius Recycling (NASDAQ:RDUS - Get Free Report) last released its earnings results on Friday, April 4th. The basic materials company reported ($0.99) earnings per share for the quarter, topping the consensus estimate of ($1.08) by $0.09. The business had revenue of $642.51 million during the quarter, compared to the consensus estimate of $635.94 million. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. As a group, analysts forecast that Radius Recycling will post -3.84 EPS for the current year.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on shares of Radius Recycling in a research report on Thursday. They set a "sell" rating on the stock.
View Our Latest Stock Analysis on RDUS
About Radius Recycling
(
Get Free Report)
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.
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