Stelco Holdings Inc (TSE:STLC) Declares $0.10 Quarterly Dividend

Stelco Holdings Inc (TSE:STLC) announced a quarterly dividend on Thursday, August 22nd, TickerTech reports. Investors of record on Friday, August 30th will be given a dividend of 0.10 per share on Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Thursday, August 22nd.

TSE:STLC traded down C$0.17 on Tuesday, hitting C$11.66. The stock had a trading volume of 27,962 shares, compared to its average volume of 176,538. The company has a debt-to-equity ratio of 20.12, a quick ratio of 1.29 and a current ratio of 2.15. The stock has a market cap of $1.02 billion and a P/E ratio of 3.89. Stelco has a 1 year low of C$11.11 and a 1 year high of C$26.00. The firm’s fifty day simple moving average is C$14.18 and its two-hundred day simple moving average is C$15.85.

STLC has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Stelco from C$31.00 to C$29.00 in a research note on Friday, May 3rd. Goldman Sachs Group reduced their target price on shares of Stelco from C$18.00 to C$17.00 in a research report on Tuesday, June 4th. BMO Capital Markets reduced their target price on shares of Stelco from C$20.00 to C$18.00 in a research report on Thursday, June 27th. Finally, National Bank Financial reduced their target price on shares of Stelco from C$17.00 to C$15.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 10th.

Stelco Company Profile

Stelco Holdings Inc is Canada-based company and owner of one of the technologically advanced integrated steelmaking facilities in North America. The Company produce flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products as well as metallurgical coke. With gauge, crown, and shape control, as well as reliable uniformity of mechanical properties, The Company’s steel products are supplied to customers in the construction, automotive and energy industries across Canada and the United States, as well as to a variety of steel service centers, which are regional distributors of steel products.

Featured Story: Oversold

Dividend History for Stelco (TSE:STLC)

Receive News & Ratings for Stelco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stelco and related companies with MarketBeat.com's FREE daily email newsletter.