On July 14, 2023, Reliance Steel & Aluminum RS will distribute a dividend payout of $1.00 per share, equating to an annualized dividend yield of 1.60%. Shareholders who owned the stock before the ex-dividend date on May 25, 2023 will receive this payout.
Reliance Steel & Aluminum Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-05-25 | 4 | $1.0 | 1.6% | 2023-04-25 | 2023-05-26 | 2023-06-09 |
| 2023-03-09 | 4 | $1.0 | 1.73% | 2023-02-14 | 2023-03-10 | 2023-03-24 |
| 2022-11-17 | 4 | $0.88 | 1.86% | 2022-10-25 | 2022-11-18 | 2022-12-02 |
| 2022-08-18 | 4 | $0.88 | 1.89% | 2022-07-26 | 2022-08-19 | 2022-09-02 |
| 2022-05-26 | 4 | $0.88 | 1.84% | 2022-04-26 | 2022-05-27 | 2022-06-10 |
| 2022-03-10 | 4 | $0.88 | 2.16% | 2022-02-15 | 2022-03-11 | 2022-03-25 |
| 2021-11-18 | 4 | $0.69 | 1.8% | 2021-10-26 | 2021-11-19 | 2021-12-03 |
| 2021-08-12 | 4 | $0.69 | 1.9% | 2021-07-20 | 2021-08-13 | 2021-08-27 |
| 2021-05-27 | 4 | $0.69 | 1.77% | 2021-04-20 | 2021-05-28 | 2021-06-11 |
| 2021-03-11 | 4 | $0.69 | 2.19% | 2021-02-18 | 2021-03-12 | 2021-03-26 |
| 2020-11-19 | 4 | $0.62 | 2.23% | 2020-10-22 | 2020-11-20 | 2020-12-04 |
| 2020-08-13 | 4 | $0.62 | 2.66% | 2020-07-21 | 2020-08-14 | 2020-08-28 |
With a dividend yield that places it neither at the top nor the bottom, Reliance Steel & Aluminum finds itself in the middle among its industry peers, while Gerdau GGB boasts the highest annualized dividend yield at 11.48%.
Analyzing Reliance Steel & Aluminum Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $2.20 to $3.50, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For Reliance Steel & Aluminum
The earnings chart above shows that from 2019 to 2022, Reliance Steel & Aluminum has experienced an increase in their earnings from $8.98 per share to $30.88 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
This article provides an in-depth analysis of Reliance Steel & Aluminum's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $1.00 per share, resulting in an annualized dividend yield of 1.60%.
With a dividend yield that places it neither at the top nor the bottom, Reliance Steel & Aluminum finds itself in the middle among its industry peers, while Gerdau boasts the highest annualized dividend yield at 11.48%.
The increase in both dividend per share and earnings per share from 2019 to 2022 for Reliance Steel & Aluminum indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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