Companhia Siderúrgica Nacional (SID) to Issue — Dividend of $0.14 on May 22nd

Companhia Siderúrgica Nacional (NYSE:SIDGet Free Report) declared a — dividend on Friday, May 17th, Wall Street Journal reports. Stockholders of record on Friday, January 1st will be given a dividend of 0.1395 per share by the basic materials company on Wednesday, May 22nd. This represents a dividend yield of 16.6%. The ex-dividend date of this dividend is Wednesday, May 22nd.

Companhia Siderúrgica Nacional has increased its dividend payment by an average of 440.0% annually over the last three years.

Companhia Siderúrgica Nacional Trading Up 1.5 %

Shares of SID opened at $2.77 on Friday. Companhia Siderúrgica Nacional has a 52-week low of $2.11 and a 52-week high of $4.03. The stock’s 50-day simple moving average is $2.91 and its 200 day simple moving average is $3.24. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.32 and a quick ratio of 0.94.

Companhia Siderúrgica Nacional (NYSE:SIDGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The basic materials company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.06). Companhia Siderúrgica Nacional had a net margin of 1.45% and a return on equity of 3.15%. The company had revenue of $2.42 billion for the quarter. Research analysts forecast that Companhia Siderúrgica Nacional will post 0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on SID shares. Itau BBA Securities reiterated an “underperform” rating and issued a $3.00 target price on shares of Companhia Siderúrgica Nacional in a research note on Thursday, April 4th. StockNews.com downgraded Companhia Siderúrgica Nacional from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, Bank of America lowered Companhia Siderúrgica Nacional from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $3.90 to $2.90 in a research note on Tuesday, April 9th.

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Companhia Siderúrgica Nacional Company Profile

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Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products consisting of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.

See Also

Dividend History for Companhia Siderúrgica Nacional (NYSE:SID)

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