Reliance Steel & Aluminum (NYSE:RS) Has Announced That It Will Be Increasing Its Dividend To $1.10 [Yahoo! Finance]
Reliance, Inc. (RS)
Last reliance, inc. earnings: 4/23 06:50 am
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US:NYSE Investor Relations:
investor.rsac.com
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Source: Yahoo! Finance
Despite this raise, the dividend yield of 1.4% is only a modest boost to shareholder returns. View our latest analysis for Reliance Steel & Aluminum Reliance Steel & Aluminum's Earnings Easily Cover The Distributions If it is predictable over a long period, even low dividend yields can be attractive. However, prior to this announcement, Reliance Steel & Aluminum's dividend was comfortably covered by both cash flow and earnings. This means that most of what the business earns is being used to help it grow. Looking forward, earnings per share is forecast to fall by 23.8% over the next year. Assuming the dividend continues along recent trends, we believe the payout ratio could be 26%, which we are pretty comfortable with and we think is feasible on an earnings basis. Reliance Steel & Aluminum Has A Solid Track Record Even over a long history of paying dividends, the company's distributions have been remarkably stable. Since 2014, the annual payment back then was $1.20, compar
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News
- Reliance, Inc. (NYSE: RS) had its price target lowered by analysts at BMO Capital Markets from $355.00 to $345.00. They now have an "outperform" rating on the stock.MarketBeat
- Reliance's (RS) Earnings & Revenues Miss Estimates in Q1 [Yahoo! Finance]Yahoo! Finance
- Reliance (RS) Q1 Earnings and Revenues Lag Estimates [Yahoo! Finance]Yahoo! Finance
- Reliance, Inc. Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Reliance, Inc. Reports First Quarter 2024 Financial ResultsGlobeNewswire
RS
Earnings
- 4/25/24 - Miss
RS
Sec Filings
- 4/25/24 - Form 8-K
- 4/3/24 - Form ARS
- 4/3/24 - Form DEFA14A
- RS's page on the SEC website