Radius Recycling, Inc. (RDUS) to Issue Quarterly Dividend of $0.19 on May 5th

Radius Recycling, Inc. (NASDAQ:RDUS) announced a quarterly dividend on Tuesday, April 1st, Wall Street Journal reports. Shareholders of record on Monday, April 21st will be given a dividend of 0.1875 per share by the basic materials company on Monday, May 5th. This represents a $0.75 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Monday, April 21st.

Radius Recycling has a dividend payout ratio of 576.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Radius Recycling Stock Up 0.0 %

Radius Recycling stock opened at $29.11 on Friday. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75. The firm has a market cap of $820.96 million, a price-to-earnings ratio of -2.91 and a beta of 1.07. The business’s 50-day moving average price is $22.05 and its 200 day moving average price is $18.26. Radius Recycling has a 52 week low of $10.57 and a 52 week high of $29.20.

Radius Recycling (NASDAQ:RDUS) last announced its quarterly earnings results on Friday, April 4th. The basic materials company reported ($0.99) earnings per share for the quarter, beating the consensus estimate of ($1.08) by $0.09. The firm had revenue of $642.51 million during the quarter, compared to analyst estimates of $635.94 million. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. As a group, sell-side analysts anticipate that Radius Recycling will post -3.84 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Radius Recycling in a report on Friday. They issued a “sell” rating on the stock.

Radius Recycling Company Profile

Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.