Olympic Steel, Inc. (NASDAQ:ZEUS) Plans Quarterly Dividend of $0.15

Olympic Steel, Inc. (NASDAQ:ZEUS) announced a quarterly dividend on Thursday, August 1st, NASDAQ reports. Investors of record on Monday, September 2nd will be given a dividend of 0.15 per share by the basic materials company on Monday, September 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Friday, August 30th.

Olympic Steel has raised its dividend payment by an average of 84.2% per year over the last three years. Olympic Steel has a dividend payout ratio of 21.5% indicating that its dividend is sufficiently covered by earnings.

Olympic Steel Trading Down 0.9 %

NASDAQ ZEUS opened at $39.99 on Thursday. The firm’s fifty day moving average price is $44.19 and its 200 day moving average price is $55.69. Olympic Steel has a 12 month low of $39.08 and a 12 month high of $73.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.77 and a quick ratio of 1.43. The company has a market capitalization of $445.21 million, a price-to-earnings ratio of 10.66 and a beta of 1.52.

Olympic Steel (NASDAQ:ZEUS) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. Olympic Steel had a return on equity of 4.98% and a net margin of 1.74%. The company had revenue of $526.25 million during the quarter. During the same quarter in the prior year, the firm posted $1.24 EPS.

Analyst Ratings Changes

Separately, StockNews.com raised Olympic Steel from a “hold” rating to a “buy” rating in a research note on Tuesday.

About Olympic Steel

Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates.