ArcelorMittal (NYSE:MT) Plans Quarterly Dividend of $0.15

ArcelorMittal (NYSE:MT) announced a quarterly dividend on Friday, February 13th. Investors of record on Friday, November 13th will be given a dividend of $0.15 per share by the basic materials company on Wednesday, December 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th.

ArcelorMittal has a dividend payout ratio of 10.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect ArcelorMittal to earn $7.01 per share next year, which means the company should continue to be able to cover its $0.51 annual dividend with an expected future payout ratio of 7.3%.

ArcelorMittal Stock Performance

Shares of NYSE MT opened at $65.69 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 1.41. The stock has a 50 day moving average price of $66.94 and a 200 day moving average price of $64.06. The stock has a market capitalization of $50.91 billion, a PE ratio of 48.66, a price-to-earnings-growth ratio of 0.76 and a beta of 1.55. ArcelorMittal has a 52 week low of $38.67 and a 52 week high of $79.68.

ArcelorMittal (NYSE:MT) last posted its quarterly earnings results on Thursday, November 5th. The basic materials company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.35. ArcelorMittal had a return on equity of 4.89% and a net margin of 1.64%. The firm had revenue of $16.47 billion for the quarter, compared to analyst estimates of $17.77 billion. During the same quarter in the previous year, the firm earned $0.62 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts predict that ArcelorMittal will post 3.07 earnings per share for the current fiscal year.

ArcelorMittal Company Profile

ArcelorMittal is a global steel and mining company that produces steel products for customers across industries including automotive, construction, energy, appliances and packaging. Its offerings include flat and long steel products, as well as iron ore and metallurgical coal used in steelmaking. The company operates across the Americas, Europe and other regions, combining mining and steelmaking activities with research and product development. ArcelorMittal was formed in 2006 through the merger of Arcelor and Mittal Steel.