Ryerson Holding Co. (RYI) to Issue Quarterly Dividend of $0.19 on December 19th

Ryerson Holding Co. (NYSE:RYI) declared a quarterly dividend on Tuesday, October 29th,RTT News reports. Stockholders of record on Thursday, December 5th will be paid 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 2.94%. The ex-dividend date of this dividend is Thursday, December 5th.

Ryerson has a payout ratio of 57.7% indicating that its dividend is sufficiently covered by earnings.

Ryerson Stock Down 0.8 %

Shares of RYI opened at $25.50 on Tuesday. The company has a market capitalization of $812.18 million, a PE ratio of 41.80 and a beta of 1.54. Ryerson has a 12-month low of $17.57 and a 12-month high of $36.20. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $22.58 and its 200 day moving average is $21.45.

Ryerson (NYSE:RYI) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.26). The firm had revenue of $1.13 billion during the quarter. Ryerson had a net margin of 0.46% and a return on equity of 2.66%. During the same period last year, the firm earned $1.00 earnings per share.

Insider Activity at Ryerson

In other Ryerson news, EVP Mark S. Silver sold 9,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $24.56, for a total transaction of $221,040.00. Following the completion of the transaction, the executive vice president now directly owns 107,664 shares of the company’s stock, valued at approximately $2,644,227.84. This trade represents a 7.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.88% of the stock is currently owned by corporate insiders.

About Ryerson

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.