Reliance, Inc. (NYSE:RS) Declares Dividend Increase – $1.25 Per Share

Reliance, Inc. (NYSE:RS) declared a quarterly dividend on Wednesday, February 18th. Investors of record on Friday, March 6th will be given a dividend of 1.25 per share by the industrial products company on Friday, March 20th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, March 6th. This is a 4.2% increase from Reliance’s previous quarterly dividend of $1.20.

Reliance has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 15 years. Reliance has a payout ratio of 24.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Reliance to earn $18.12 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 26.5%.

Reliance Stock Down 1.1%

Shares of NYSE RS opened at $336.49 on Thursday. The business has a 50-day moving average of $316.69 and a two-hundred day moving average of $294.58. The company has a market capitalization of $17.59 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 2.03 and a beta of 0.92. Reliance has a 1 year low of $250.07 and a 1 year high of $365.59. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.43 and a quick ratio of 2.08.

Reliance (NYSE:RS) last released its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $2.40 EPS for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.40). The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.45 billion. Reliance had a net margin of 5.23% and a return on equity of 10.37%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.22 EPS. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. On average, analysts forecast that Reliance will post 16.98 earnings per share for the current fiscal year.

About Reliance

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.