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

Ryerson Holding Co. (NYSE:RYI) announced a quarterly dividend on Tuesday, October 29th, RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 3.41%.

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

Ryerson Price Performance

NYSE:RYI opened at $22.01 on Thursday. The firm has a market capitalization of $730.73 million, a price-to-earnings ratio of 12.16 and a beta of 1.56. Ryerson has a 1 year low of $17.57 and a 1 year high of $36.20. The business has a 50 day simple moving average of $20.08 and a 200-day simple moving average of $21.89. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.38 and a quick ratio of 1.11.

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

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.