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

Russel Metals Inc. (TSE:RUS) 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 4.01%. The ex-dividend date of this dividend is Friday, February 28th.

Russel Metals Stock Performance

Shares of RUS stock traded up C$0.60 during trading on Wednesday, reaching C$41.91. 20,840 shares of the company’s stock traded hands, compared to its average volume of 173,470. The firm’s 50-day moving average is C$41.62 and its 200 day moving average is C$40.92. The company has a market capitalization of C$2.40 billion, a P/E ratio of 13.50, a PEG ratio of 0.59 and a beta of 1.52. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28. Russel Metals has a 1 year low of C$35.20 and a 1 year high of C$46.87.

Insider Transactions at Russel Metals

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

Analyst Upgrades and Downgrades

RUS has been the topic of a number of recent analyst reports. Royal Bank of Canada raised shares of Russel Metals from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$45.00 to C$51.00 in a report on Tuesday, November 26th. Raymond James upped their target price on shares of Russel Metals from C$50.00 to C$56.00 in a report on Wednesday, November 13th. TD Securities raised their price target on shares of Russel Metals from C$50.00 to C$52.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, 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. One 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 currently has an average rating of “Moderate Buy” and a consensus price target of C$51.21.

Russel Metals Company Profile

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.