Olympic Steel, Inc. processes, distributes, and storage metal products in the United States and internationally. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The Carbon Flat Products segment sells and distributes processed carbon and coated flat-rolled sheets, coil and plate products, and fabricated parts. The Specialty Metals Flat Products segment sells and distributes processed aluminum and stainless flat-rolled sheets and coil products, flat bar products, and fabricated parts, as well as stainless steel and aluminum plates, sheets, angles, rounds, flat bars, tubing and pipe, and prime tin mill products. The Tubular and Pipe Products segment distributes metal tubing products, pipes, bars, valves and fittings, and fabricated pressure parts. The company also provides various processing services comprising cutting-to-length, slitting, shearing, roll forming, shape correction, surface improvement, blanking, tempering, plate burning, and stamping as well as offers value-added processing of saw cutting, laser cutting, beveling, threading, and grooving services. In addition, the company provides shot blasting, grinding, edging, and polishing; bending, drilling, milling, tapping, boring, and sawing metal; machining, welding, assembly, and painting of component parts. Further, the company process metals to specified lengths, widths, shapes, and surface. It serves metal consuming industries, such as manufacturers and fabricators of transportation and material handling lift equipment, construction, mining and farm equipment, agriculture equipment, storage tanks, environmental and energy generation equipment, automobiles, food service, commercial appliances, and electrical equipment as well as military vehicles and equipment, general and plate fabricators, and metals service centers through direct sales force. Olympic Steel, Inc. was founded in 1954 and is based in Bedford Heights, Ohio.
Olympic Steel Dividend Announcement
• Olympic Steel announced a quarterly dividend of $0.15 per ordinary share which will be made payable on 2024-09-16. Ex dividend date: 2024-08-30
• Olympic Steel annual dividend for 2024 was $0.45
• Olympic Steel annual dividend for 2023 was $0.50
• Olympic Steel's trailing twelve-month (TTM) dividend yield is 1.86%
• Olympic Steel's payout ratio for the trailing twelve months (TTM) is 17.01%
• Olympic Steel's dividend growth over the last five years (2018-2023) was 44.27% year
• Olympic Steel's dividend growth over the last ten years (2013-2023) was 20.11% year
Olympic Steel Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-08-30 | $0.15 | quarterly | 2024-09-16 |
| 2024-06-03 | $0.15 | quarterly | 2024-06-17 |
| 2024-03-01 | $0.15 | quarterly | 2024-03-15 |
| 2023-11-30 | $0.12 | quarterly | 2023-12-15 |
| 2023-08-31 | $0.12 | quarterly | 2023-09-15 |
| 2023-05-31 | $0.12 | quarterly | 2023-06-15 |
| 2023-02-28 | $0.12 | quarterly | 2023-03-15 |
| 2022-11-30 | $0.09 | quarterly | 2022-12-15 |
| 2022-08-31 | $0.09 | quarterly | 2022-09-15 |
| 2022-05-31 | $0.09 | quarterly | 2022-06-15 |
| 2022-02-28 | $0.09 | quarterly | 2022-03-15 |
| 2021-11-30 | $0.02 | quarterly | 2021-12-15 |
| 2021-08-31 | $0.02 | quarterly | 2021-09-15 |
| 2021-05-28 | $0.02 | quarterly | 2021-06-15 |
| 2021-02-26 | $0.02 | quarterly | 2021-03-15 |
| 2020-11-30 | $0.02 | quarterly | 2020-12-15 |
| 2020-08-31 | $0.02 | quarterly | 2020-09-15 |
| 2020-05-29 | $0.02 | quarterly | 2020-06-15 |
| 2020-02-28 | $0.02 | quarterly | 2020-03-16 |
| 2019-11-29 | $0.02 | quarterly | 2019-12-16 |
| 2019-08-30 | $0.02 | quarterly | 2019-09-17 |
| 2019-05-31 | $0.02 | quarterly | 2019-06-17 |
| 2019-02-28 | $0.02 | quarterly | 2019-03-15 |
| 2018-11-30 | $0.02 | quarterly | 2018-12-17 |
| 2018-08-31 | $0.02 | quarterly | 2018-09-17 |
| 2018-05-31 | $0.02 | quarterly | 2018-06-15 |
| 2018-02-28 | $0.02 | quarterly | 2018-03-15 |
| 2017-11-30 | $0.02 | quarterly | 2017-12-15 |
| 2017-08-30 | $0.02 | quarterly | 2017-09-15 |
| 2017-05-30 | $0.02 | quarterly | 2017-06-15 |
| 2017-02-27 | $0.02 | quarterly | 2017-03-15 |
| 2016-11-29 | $0.02 | quarterly | 2016-12-15 |
| 2016-08-30 | $0.02 | quarterly | 2016-09-15 |
| 2016-05-27 | $0.02 | quarterly | 2016-06-15 |
| 2016-02-26 | $0.02 | quarterly | 2016-03-15 |
| 2015-11-27 | $0.02 | quarterly | 2015-12-15 |
| 2015-08-28 | $0.02 | quarterly | 2015-09-15 |
| 2015-05-28 | $0.02 | quarterly | 2015-06-15 |
| 2015-02-26 | $0.02 | quarterly | 2015-03-16 |
| 2014-11-26 | $0.02 | quarterly | 2014-12-15 |
| 2014-08-28 | $0.02 | quarterly | 2014-09-16 |
| 2014-05-29 | $0.02 | quarterly | 2014-06-16 |
| 2014-02-27 | $0.02 | quarterly | 2014-03-17 |
| 2013-11-27 | $0.02 | quarterly | 2013-12-16 |
| 2013-08-29 | $0.02 | quarterly | 2013-09-17 |
| 2013-05-30 | $0.02 | quarterly | 2013-06-17 |
| 2013-02-27 | $0.02 | quarterly | 2013-03-15 |
Olympic Steel Dividend per year
Olympic Steel Dividend growth
Olympic Steel Dividend Yield
Olympic Steel current trailing twelve-month (TTM) dividend yield is 1.86%. Interested in purchasing Olympic Steel stock? Use our calculator to estimate your expected dividend yield:
Olympic Steel Financial Ratios
P/E ratio12.65
PEG ratio0.84
P/B ratio0.80
ROE6.44%
Payout ratio17.01%
Current ratio3.77
Quick ratio1.43
Cash Ratio0.06
Olympic Steel Dividend FAQ
How much is the next Olympic Steel dividend?
Olympic Steel's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Olympic Steel dividend. The next Olympic Steel dividend will be released in February, May, August, or November.
When is Olympic Steel dividend paid?
Olympic Steel pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Olympic Steel pay?
The specific amount of Olympic Steel dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Olympic Steel's dividend history.
Does Olympic Steel stock pay dividends?
Yes, Olympic Steel does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Olympic Steel's dividend history.
How much dividend does Olympic Steel pay?
Olympic Steel paid $0.45 in 2024, $0.5 in 2023, $0.36 in 2022, $0.08 in 2021, and $0.08 in 2020.
How often does Olympic Steel pay dividends?
Olympic Steel typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is Olympic Steel's dividend yield?
The current dividend yield for Olympic Steel is 1.86%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Olympic Steel's exact dividend yield.
When does Olympic Steel go ex dividend?
Olympic Steel's ex-dividend date for the latest dividend was on 2024-08-30. Olympic Steel typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Olympic Steel dividend paid?
Olympic Steel pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Olympic Steel increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Olympic Steel will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Olympic Steel dividend per share?
Olympic Steel paid $0.45 per share in 2024 and $0.5 per share in 2023. The amount of dividend per share that Olympic Steel pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Olympic Steel a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Olympic Steel a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Olympic Steel a dividend stock?
Yes, Olympic Steel is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Olympic Steel a good dividend stock?
Whether Olympic Steel is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Olympic Steel has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Olympic Steel as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Olympic Steel as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Olympic Steel pay dividends monthly?
Olympic Steel typically pays dividends on a quarterly basis.
Does Olympic Steel pay dividends quarterly?
Olympic Steel currently pays dividends on a quarterly basis.
Has Olympic Steel ever paid a dividend?
Yes, Olympic Steel has a history of paying dividends to its shareholders. Olympic Steel is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Olympic Steel dividend stocks?
To buy Olympic Steel you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Olympic Steel stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Olympic Steel stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Olympic Steel pay dividends 2024?
Olympic Steel pays dividends on a quarterly basis. 2024 dividend payments are in 2024-09-16. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Olympic Steel increase its dividend in 2024?
Decisions regarding Olympic Steel dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Olympic Steel dividend overview you can look into the above table of dividend history.
How Olympic Steel dividend works?
The Olympic Steel dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Olympic Steel's dividend process works:
1. Determination of Dividend: Olympic Steel's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Olympic Steel publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Olympic Steel distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Olympic Steel are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Olympic Steel's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Olympic Steel publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Olympic Steel distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Olympic Steel are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Olympic Steel dividends paid?
Olympic Steel dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Olympic Steel sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Olympic Steel distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Olympic Steel declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Olympic Steel sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Olympic Steel distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Olympic Steel declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Olympic Steel pay dividends?
Olympic Steel typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Olympic Steel pay dividends?
The general pattern is that Olympic Steel pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Olympic Steel dividend safe?
The safety of Olympic Steel's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Olympic Steel's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Olympic Steel's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Olympic Steel's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Olympic Steel's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.