Dividend Growth of Schnitzer Steel Industries, Inc.(SCHN)

Schnitzer Steel Industries(SCHN) is having a Dividend Yield of 2.79% with the Annual cash Dividend per share of $0.75. The last quarter cash dividend per share pay out was $0.19. Schnitzer Steel Industries has a 5 year average dividend yield of 3.23% and the stock has a Indicated annual dividend of $0.75. Schnitzer Steel Industries(SCHN) formally announced its most recent dividend on January 27, 2017 with a Dividend per share of $0.19. The new indicated annual dividend based on announced dividend per share is $0.75. The dividend yield based on the forward looking indicated annual dividend is 2.79%. Schnitzer Steel Industries(SCHN) has the most recent dividend payout ratio of 0.96 with a 5-year average payout ratio of 2.57. The 5 year historical dividend growth of Schnitzer Steel Industries(SCHN) is at the rate of 14.7% while the R-Squared dividend growth is 0.14. 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.

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) rose 1.21% or 0.325 points on Thursday and made its way into the gainers of the day. After trading began at $26.9 the stock was seen hitting $27.3 as a peak level and $26.6001 as the lowest level. The stock ended up at $27.25. The daily volume was measured at 499,303 shares. The 52-week high of the share price is $30.6 and the 52-week low is $13.35. The company has a market cap of $736 million. Shares of Schnitzer Steel Industries, Inc. rose by 9.88% in the last five trading days and 15.67% for the last 4 weeks. Schnitzer Steel Industries, Inc. has dropped 1.54% during the last 3-month period . Year-to-Date the stock performance stands at 6.89%.

Currently the company Insiders own 3.8% of Schnitzer Steel Industries, Inc. shares according to the proxy statements. Institutional Investors own 89.75% of Schnitzer Steel Industries, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -3.11%. Company has reported several Insider transactions to the SEC, on Nov 8, 2016, Peter B Saba (SVP & General Counsel) sold 686 shares at 24.44 per share price.On Nov 2, 2016, Michael R Henderson (SVP & Co-President, AMR) sold 3,100 shares at 24.01 per share price.On Nov 2, 2016, Stefano R. Gaggini (VP, Corporate Controller & PAO) sold 730 shares at 23.92 per share price.

Schnitzer Steel Industries Last issued its quarterly earnings results on Jan 5, 2017. The company reported $-0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $-0.04. The company had revenue of $334.00 million for the quarter, compared to analysts expectations of $349.67 million. The companys revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.

Schnitzer Steel Industries, Inc. collects, processes and recycles metals by operating one of the largest metals recycling businesses in the United States. They also manufacture finished steel products at their technologically advanced steel mini-mill.


Share this post

Post Comment