Russel Metals Inc. (TSE:RUS) announced a quarterly dividend on Wednesday, November 8th, Zacks reports. Shareholders of record on Monday, November 27th will be given a dividend of 0.38 per share on Friday, December 15th. This represents a $1.52 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend is Friday, November 24th.
Shares of Russel Metals (TSE RUS) traded up C$0.07 on Monday, hitting C$28.85. The stock had a trading volume of 106,742 shares, compared to its average volume of 205,253. Russel Metals has a one year low of C$23.67 and a one year high of C$29.78.
In other Russel Metals news, insider Marion Eleanor Britton sold 5,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of C$28.70, for a total transaction of C$143,500.00.
Several brokerages have recently commented on RUS. Scotiabank reiterated an “outperform” rating and issued a C$32.00 target price on shares of Russel Metals in a research report on Thursday, November 9th. TD Securities lifted their target price on Russel Metals from C$32.00 to C$34.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Finally, Raymond James Financial boosted their price objective on Russel Metals from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$31.20.
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Russel Metals Company Profile
Russel Metals Inc is a metals distribution and processing company. The Company primarily distributes steel products. The Company operates through three segments: metals service centers, energy products and steel distributors. The Company provides processing and distribution services to a base of approximately 43,000 end users through a network of 50 locations in Canada and 14 locations in the United States.
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