Russel Metals Inc. (RUS) Plans Quarterly Dividend of $0.38

Russel Metals Inc. (TSE:RUS) announced a quarterly dividend on Wednesday, November 8th, Zacks reports. Investors 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 is Friday, November 24th.

Russel Metals (TSE RUS) traded up C$0.07 during trading on Monday, reaching C$28.85. The company had a trading volume of 106,742 shares, compared to its average volume of 205,253. Russel Metals has a 12-month low of C$23.67 and a 12-month high of C$29.78.

RUS has been the topic of a number of recent analyst reports. Scotiabank reiterated an “outperform” rating and set a C$32.00 price target on shares of Russel Metals in a research report on Thursday, November 9th. TD Securities increased their price target 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 increased their price target on Russel Metals from C$31.00 to C$32.00 and gave the stock 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 stock. Russel Metals currently has an average rating of “Buy” and a consensus target price of C$31.20.

In other news, insider Marion Eleanor Britton sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of C$28.70, for a total value of C$143,500.00.

WARNING: “Russel Metals Inc. (RUS) Plans Quarterly Dividend of $0.38” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://www.dispatchtribunal.com/2017/12/04/russel-metals-inc-rus-to-issue-quarterly-dividend-of-0-38-on-december-15th.html.

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.

Dividend History for Russel Metals (TSE:RUS)

Receive News & Ratings for Russel Metals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Russel Metals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply