POSCO Holdings Inc. (NYSE:PKX) Declares Quarterly Dividend of $0.47

POSCO Holdings Inc. (NYSE:PKX) announced a quarterly dividend on Wednesday, January 31st, NASDAQ reports. Stockholders of record on Monday, April 1st will be paid a dividend of 0.4726 per share by the basic materials company on Friday, April 26th. This represents a $1.89 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, March 28th.

POSCO Trading Down 1.3 %

Shares of PKX opened at $79.52 on Wednesday. The company has a 50 day moving average price of $81.39 and a 200-day moving average price of $88.79. POSCO has a fifty-two week low of $63.26 and a fifty-two week high of $133.09. The company has a quick ratio of 1.48, a current ratio of 2.11 and a debt-to-equity ratio of 0.25.

POSCO (NYSE:PKX) last announced its quarterly earnings results on Wednesday, February 21st. The basic materials company reported ($0.52) earnings per share for the quarter. POSCO had a return on equity of 3.02% and a net margin of 2.45%. The business had revenue of $14.15 billion during the quarter. As a group, research analysts forecast that POSCO will post 4.79 EPS for the current year.

Institutional Investors Weigh In On POSCO

Hedge funds and other institutional investors have recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in POSCO during the second quarter valued at approximately $230,000. Toroso Investments LLC purchased a new stake in POSCO during the first quarter valued at approximately $225,000. West Family Investments Inc. purchased a new stake in POSCO during the second quarter valued at approximately $209,000. SVB Wealth LLC acquired a new position in POSCO during the 1st quarter valued at approximately $202,000. Finally, Evergreen Capital Management LLC acquired a new position in POSCO during the 1st quarter valued at approximately $200,000.

POSCO Company Profile

POSCO Holdings Inc, together with its subsidiaries, manufactures and sells iron and steel rolled products in South Korea and internationally. It operates in two segments Steel and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized steel, electrical steel, stainless steel, and titanium.