Tree Island Steel Ltd. (TSE:TSL) to Issue $0.03 Quarterly Dividend

Tree Island Steel Ltd. (TSE:TSL) announced a quarterly dividend on Monday, September 16th, Zacks reports. Investors of record on Friday, September 27th will be paid a dividend of 0.03 per share on Tuesday, October 15th. This represents a $0.12 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Friday, September 27th.

Tree Island Steel Price Performance

Shares of TSL opened at C$2.60 on Wednesday. The business’s 50-day moving average is C$2.74 and its 200-day moving average is C$3.00. The company has a debt-to-equity ratio of 21.10, a current ratio of 5.39 and a quick ratio of 1.75. The company has a market capitalization of C$67.99 million, a price-to-earnings ratio of 52.00 and a beta of 0.97. Tree Island Steel has a fifty-two week low of C$2.48 and a fifty-two week high of C$3.70.

Tree Island Steel (TSE:TSL) last released its earnings results on Thursday, August 1st. The company reported C$0.02 earnings per share (EPS) for the quarter. The company had revenue of C$57.72 million during the quarter. Tree Island Steel had a net margin of 0.61% and a return on equity of 1.01%. Equities research analysts expect that Tree Island Steel will post 0.3627312 EPS for the current fiscal year.

Tree Island Steel Company Profile

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers low-carbon and high-carbon galvanized steel wires; clean and bright wire for industrial and original equipment manufacturer customers; agricultural products, including fencing, barbed wire, galvanized wire, and bright wire, as well as other fabricated wire products specifically for farming, ranching, and vineyards; welded wire concrete reinforcing mesh and other fabricated wire products for heavy construction industry and infrastructure projects; and nails and stucco reinforcing products for residential and light commercial construction.