Reliance Steel & Aluminum Co. (NYSE:RS) will begin trading ex-dividend on November 19, 2020. The quarterly dividend payment of $ 0.625 per share is scheduled to be paid on December 4, 2020. The dividend yield based on the latest trading day closing price was 2.12 percent. Shareholders who purchased RS shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Reliance Steel & Aluminum Co. recently reported third quarter financial results on October 22, 2020, before market open, the Los Angeles based company unfold income for the third quarter of $ 1.87 per share, from the revenue of $ 2,085.60 million. The quarterly earnings shrunk 21.76 percent while revenues dropped 22.35 percent compared with the same quarter last year.
Street analysts expected Reliance Steel & Aluminum Co. recently reported third quarter financial results on October 22, 2020, before market open, the Los Angeles based company to report income of $ 1.50 per share on revenue of $ 2134.16 million for the third quarter. The bottom line results beat street analysts by $ 0.37 or 24.67 percent, at the same time, top line results fell short of analysts by $ 48.56 million or 2.28 percent.
Stock Performance
On Friday, shares of Reliance Steel & Aluminum Co. has traded high as $ 118.79 and has cracked $ 116.13 on the downward trend, reaching $ 118.20 with volume of 152.90 thousand shares.
According to the previous trading day, closing price of $ 118.20, representing a 63.03 % increase from the 52 week low of $ 70.57 and a 5.83 % decrease over the 52 week high of $ 122.17.
The company has a market capital of $ 7.54 billion and is part of the Basic Materials sector and Steel industry.
Reliance Steel & Aluminum Co. operates as a metals service center company. The company provides alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products and related processing services to general manufacturing, non-residential construction, transportation, aerospace and defense, energy, electronics and semiconductor fabrication, auto, and heavy industries.
