Olympic Steel, Inc. (ZEUS) to Issue Quarterly Dividend of $0.16 on March 17th

Olympic Steel, Inc. (NASDAQ:ZEUS) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.16 per share by the basic materials company on Monday, March 17th. This represents a $0.64 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from Olympic Steel’s previous quarterly dividend of $0.15.

Olympic Steel has raised its dividend by an average of 95.7% annually over the last three years.

Olympic Steel Price Performance

Shares of ZEUS stock opened at $37.88 on Friday. The company has a market capitalization of $421.72 million, a P/E ratio of 19.23 and a beta of 1.52. The company’s 50-day simple moving average is $34.31 and its two-hundred day simple moving average is $37.72. Olympic Steel has a one year low of $30.29 and a one year high of $73.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.52 and a quick ratio of 1.26.

Olympic Steel (NASDAQ:ZEUS) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05. The company had revenue of $418.78 million for the quarter, compared to analysts’ expectations of $441.60 million. Olympic Steel had a return on equity of 3.31% and a net margin of 1.18%. As a group, equities analysts anticipate that Olympic Steel will post 2.69 EPS for the current year.

Analysts Set New Price Targets

ZEUS has been the topic of several research reports. StockNews.com upgraded Olympic Steel from a “hold” rating to a “buy” rating in a research note on Friday. KeyCorp upgraded shares of Olympic Steel from a “sector weight” rating to an “overweight” rating and set a $42.00 target price on the stock in a report on Wednesday, January 22nd.

Olympic Steel Company Profile

Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates.