Russel Metals Inc. (TSE:RUS) declared 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 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date of this dividend is Friday, November 24th.
Shares of Russel Metals (TSE:RUS) opened at C$28.53 on Friday. Russel Metals has a 12-month low of C$23.67 and a 12-month high of C$29.78.
RUS has been the subject of a number of analyst reports. Scotiabank reissued an “outperform” rating and issued a C$32.00 price objective on shares of Russel Metals in a report on Thursday, November 9th. TD Securities upped their price objective on shares of Russel Metals from C$32.00 to C$34.00 and gave the company a “buy” rating in a report on Friday, November 10th. One investment 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 an average price target of C$31.00.
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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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