As per Reliance Steel & Aluminum Co. (NYSE:RS)’s news release on 2016-07-21, its shareholders will get cash dividend of $0.425 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-12 and 2016-09-09, respectively.
The stock of Reliance Steel & Aluminum Co. (NYSE:RS) will commence trading ex-dividend from 2016-08-10, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Reliance Steel & Aluminum Co. (NYSE:RS) disbursed $1.6 in dividend compared to distribution of $1.4, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 14.2857%.
The past track record of five years substantiates that the average payout of Reliance Steel & Aluminum Co. (NYSE:RS) stands at $1.228, implying 31.9508% growth. The company recorded earnings of $1.16 a share in the preceding fiscal.
The interim price target for Reliance Steel & Aluminum Co. (NYSE:RS) is set at $76.25. This level is the mean price reached by averaging the stock views of 8 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $86 and the lowest level is established at 65. This broad range highlights a standard deviation of $6.088 in reported estimates.
AlphaOne has allotted A sentiment score of 0.286 to Reliance Steel & Aluminum Co. (NYSE:RS) while impact score assigned is 82 as on as on 2016-07-23.
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