Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) Updates On Quarterly Dividend


As per Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) statement on 2016-08-01, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.188 per share as dividend to stakeholders. The record date is set as 2016-08-08, the payout date as 2016-08-22 and the ex-dividend date is 2016-08-04.

Last fiscal Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) disbursed cash dividend of $0.188. A year ago, the payout was $0.188, which indicates a difference of 0%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.188, implying 61.6257% growth.

For the period ended on 2015-08-31, Schnitzer Steel Industries, Inc. (NASDAQ:SCHN)’s earnings came at $0.46 per share compared to EPS of $0.31 a year ago. This quarter the firm can post earnings for quarter ending 2016-08-31 on or around 2016-10-25. For this quarter, the analysts have earnings estimate of $0.28 per share.

The interim price target for Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) is set at $18. This level is the mean price reached by averaging the stock views of 3 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) is seen at $21 and the lowest level is established at $15. This broad range highlights a standard deviation of $3 in reported estimates.

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