Ferroglobe PLC Declares Quarterly Dividend of $0.01 (NASDAQ:GSM)

Ferroglobe PLC (NASDAQ:GSM) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Friday, December 20th will be given a dividend of 0.013 per share by the basic materials company on Friday, December 27th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Friday, December 20th.

Ferroglobe has a dividend payout ratio of 10.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ferroglobe to earn $0.49 per share next year, which means the company should continue to be able to cover its $0.05 annual dividend with an expected future payout ratio of 10.2%.

Ferroglobe Stock Performance

NASDAQ GSM traded down $0.18 on Friday, reaching $4.16. 159,213 shares of the stock were exchanged, compared to its average volume of 1,356,895. The company has a current ratio of 1.63, a quick ratio of 0.91 and a debt-to-equity ratio of 0.02. Ferroglobe has a one year low of $4.07 and a one year high of $6.78. The firm has a market capitalization of $779.71 million, a PE ratio of 12.00 and a beta of 1.88. The company’s 50-day simple moving average is $4.37 and its two-hundred day simple moving average is $5.01.

Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. Ferroglobe had a net margin of 4.11% and a return on equity of 11.27%. The firm had revenue of $451.05 million for the quarter, compared to the consensus estimate of $425.55 million. During the same period last year, the firm earned $0.30 EPS. Analysts expect that Ferroglobe will post 0.28 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised Ferroglobe from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th.

Ferroglobe Company Profile

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics; and silicon metal for primary and secondary aluminum producers.