Reliance Steel & Aluminum Co.(RS) is having a Dividend Yield of 1.98% with the Annual cash Dividend per share of $1.65. The last quarter cash dividend per share pay out was $0.43. Reliance Steel & Aluminum Co. has a 5 year average dividend yield of 2.03% and the stock has a Indicated annual dividend of $1.7. Reliance Steel & Aluminum Co.(RS) formally announced its most recent dividend on October 20, 2016 with a Dividend per share of $0.43. The new indicated annual dividend based on announced dividend per share is $1.7. The dividend yield based on the forward looking indicated annual dividend is 1.98%. Reliance Steel & Aluminum Co.(RS) has the most recent dividend payout ratio of 0.38 with a 5-year average payout ratio of 0.28. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.09. The 5 year historical dividend growth of Reliance Steel & Aluminum Co.(RS) is at the rate of 19.31% while the R-Squared dividend growth is 0.73. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
Reliance Steel & Aluminum Co. (NYSE:RS) rose 2.22% or 1.9 points on Thursday and made its way into the gainers of the day. After trading began at $85.85 the stock was seen hitting $88.58 as a peak level and $84.965 as the lowest level. The stock ended up at $87.61. The daily volume was measured at 776,269 shares. The 52-week high of the share price is $88.58 and the 52-week low is $58.06. The company has a market cap of $6,357 million. Shares of Reliance Steel & Aluminum Co. rose by 4.8% in the last five trading days and 7% for the last 4 weeks. Reliance Steel & Aluminum Co. is up 10.96% in the last 3-month period. Year-to-Date the stock performance stands at 10.15%.
Currently the company Insiders own 3.73% of Reliance Steel & Aluminum Co. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -14.74% . Institutional Investors own 85.49% of Reliance Steel & Aluminum Co. shares. During last six month period, the net percent change held by insiders has seen a change of -1.6%. Company has reported several Insider transactions to the SEC, on Dec 9, 2016, Gregg J Mollins (President & CEO) sold 10,000 shares at 86.79 per share price.On Dec 9, 2016, Karla R Lewis (Sr. EVP & CFO) sold 40,000 shares at 86.18 per share price.On Dec 9, 2016, James Donald Hoffman (EVP, Chief Operating Officer) sold 5,000 shares at 86.57 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Reliance Steel & Aluminum Co was Upgraded by KeyBanc Capital Mkts to Overweight on Jan 9, 2017. Reliance Steel & Aluminum Co was Downgraded by Macquarie to Neutral on Nov 29, 2016.
Reliance Steel & Aluminum Co Last issued its quarterly earnings results on Feb 16, 2017. The company reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.10. Analyst had a consensus of $0.74. The company had revenue of $2061.60 million for the quarter, compared to analysts expectations of $2024.24 million. The companys revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS.
Reliance Steel & Aluminum Co. is one of the largest metals service center companies in the United States. Through a network of metals service centers, the company provides value-added materials management and metals processing services and distributes a full line of metal products, including carbon, alloy, stainless and specialty steel, aluminum, brass and copper products to customers in a broad range of industries. Some of these metals service centers provide processing services for specialty metals only.