Russel Metals Inc. (TSE:RUS) Announces $0.42 Quarterly Dividend

Russel Metals Inc. (TSE:RUS - Get Free Report) declared a quarterly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.42 per share on Monday, March 17th. This represents a $1.68 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Friday, February 28th.

Russel Metals Price Performance

Shares of Russel Metals stock traded down C$0.16 during trading on Friday, hitting C$41.03. The stock had a trading volume of 174,463 shares, compared to its average volume of 175,466. The firm has a market cap of C$2.35 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 0.59 and a beta of 1.52. Russel Metals has a 12 month low of C$35.20 and a 12 month high of C$46.87. The business's 50-day moving average is C$41.53 and its 200 day moving average is C$40.96. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28.

Insider Buying and Selling at Russel Metals

In other Russel Metals news, Director Brian Robie Hedges sold 5,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of C$42.32, for a total transaction of C$211,600.00. Company insiders own 0.85% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RUS. Stifel Nicolaus upped their price target on shares of Russel Metals from C$55.50 to C$60.00 in a report on Friday, February 14th. Raymond James increased their target price on Russel Metals from C$50.00 to C$56.00 in a research note on Wednesday, November 13th. TD Securities increased their target price on Russel Metals from C$50.00 to C$52.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada raised Russel Metals from a "sector perform" rating to an "outperform" rating and increased their target price for the company from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$51.21.

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About Russel Metals

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.