Stelco Holdings Inc (TSE:STLC) Declares $0.42 Quarterly Dividend

Stelco Holdings Inc (TSE:STLC) declared a quarterly dividend on Tuesday, November 21st, TickerTech reports. Investors of record on Tuesday, November 28th will be given a dividend of 0.42 per share on Tuesday, November 28th. This represents a $1.68 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Tuesday, November 21st.

Stelco Price Performance

Shares of Stelco stock opened at C$44.40 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.09 and a debt-to-equity ratio of 3.78. The stock has a market capitalization of C$2.45 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 0.03 and a beta of 2.43. Stelco has a twelve month low of C$32.93 and a twelve month high of C$60.57. The company has a 50-day simple moving average of C$37.34 and a two-hundred day simple moving average of C$40.97.

Wall Street Analysts Forecast Growth

STLC has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price target on shares of Stelco from C$37.00 to C$41.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Royal Bank of Canada cut their target price on Stelco from C$43.00 to C$41.00 in a research report on Thursday, September 28th. JPMorgan Chase & Co. raised their price target on Stelco from C$40.00 to C$45.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Scotiabank upped their price objective on shares of Stelco from C$42.50 to C$46.00 and gave the stock a “sector perform” rating in a research report on Monday, November 13th. Finally, BMO Capital Markets reduced their price objective on shares of Stelco from C$60.00 to C$55.00 in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$46.50.

Stelco Company Profile

Stelco Holdings Inc is Canada-based company and owner of one of the technologically advanced integrated steelmaking facilities in North America. The Company produce flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products as well as metallurgical coke. With gauge, crown, and shape control, as well as reliable uniformity of mechanical properties, The Company’s steel products are supplied to customers in the construction, automotive and energy industries across Canada and the United States, as well as to a variety of steel service centers, which are regional distributors of steel products.