Reliance, Inc. (NYSE:RS) Plans $1.25 Quarterly Dividend

Reliance, Inc. (NYSE:RS) announced a quarterly dividend on Friday, April 17th. Investors of record on Friday, May 22nd will be given a dividend of 1.25 per share by the industrial products company on Friday, June 5th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, May 22nd.

Reliance has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Reliance has a dividend payout ratio of 25.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Reliance to earn $20.42 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 24.5%.

Reliance Stock Down 0.8%

NYSE:RS opened at $357.09 on Wednesday. Reliance has a 12-month low of $260.31 and a 12-month high of $381.00. The company has a quick ratio of 2.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $18.23 billion, a P/E ratio of 23.29, a P/E/G ratio of 1.11 and a beta of 0.95. The stock’s fifty day simple moving average is $327.79 and its 200-day simple moving average is $312.22.

Reliance (NYSE:RS) last posted its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.53. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The business had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the company earned $3.77 EPS. The firm’s revenue was up 15.1% on a year-over-year basis. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Equities research analysts expect that Reliance will post 18.98 earnings per share for the current year.

Reliance Company Profile

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.