Ryerson Holding Co. (NYSE:RYI) Declares Quarterly Dividend of $0.19

Ryerson Holding Co. (NYSE:RYI) announced a quarterly dividend on Tuesday, October 29th, RTT News reports. Shareholders of record on Thursday, December 5th will be given a dividend of 0.1875 per share by the basic materials company on Thursday, December 19th. This represents a $0.75 dividend on an annualized basis and a yield of 3.35%.

Ryerson has a dividend payout ratio of 48.7% meaning its dividend is sufficiently covered by earnings.

Ryerson Stock Performance

NYSE:RYI traded down $0.20 during trading hours on Tuesday, reaching $22.42. The company had a trading volume of 324,419 shares, compared to its average volume of 313,799. The company has a current ratio of 2.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. Ryerson has a 52 week low of $17.57 and a 52 week high of $36.20. The firm has a market cap of $744.34 million, a price-to-earnings ratio of 12.50 and a beta of 1.56. The firm’s 50 day moving average price is $19.96 and its 200-day moving average price is $21.96.

Ryerson (NYSE:RYI) last issued its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.13. The business had revenue of $1.23 billion for the quarter. Ryerson had a net margin of 1.31% and a return on equity of 7.27%. During the same quarter in the prior year, the business earned $1.06 EPS.

Ryerson Company Profile

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.