Reliance Steel & Aluminum Co. operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries. It also distributes non-ferrous metals products and tubular building products; and manufactures specialty extruded metals, fabricated parts, and welded components. As of December 31, 2021, the company operated a network of approximately 315 locations in 40 states in the United States and 13 in other countries. It sells its products directly to original equipment manufacturers, which primarily include small machine shops and fabricators. The company was founded in 1939 and is headquartered in Los Angeles, California.
Reliance Steel & Aluminum Dividend Announcement
• Reliance Steel & Aluminum announced a quarterly dividend of $1.10 per ordinary share which will be made payable on 2024-12-06. Ex dividend date: 2024-11-22
• Reliance Steel & Aluminum annual dividend for 2024 was $4.40
• Reliance Steel & Aluminum annual dividend for 2023 was $4.00
• Reliance Steel & Aluminum's trailing twelve-month (TTM) dividend yield is 1.43%
• Reliance Steel & Aluminum's payout ratio for the trailing twelve months (TTM) is 23.72%
• Reliance Steel & Aluminum's dividend growth over the last five years (2018-2023) was 14.87% year
• Reliance Steel & Aluminum's dividend growth over the last ten years (2013-2023) was 9.87% year
Reliance Steel & Aluminum Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-22 | $1.10 | quarterly | 2024-12-06 |
2024-08-16 | $1.10 | quarterly | 2024-08-30 |
2024-05-23 | $1.10 | quarterly | 2024-06-07 |
2024-03-07 | $1.10 | quarterly | 2024-03-22 |
2023-11-16 | $1.00 | quarterly | 2023-12-01 |
2023-08-17 | $1.00 | quarterly | 2023-09-01 |
2023-05-25 | $1.00 | quarterly | 2023-06-09 |
2023-03-09 | $1.00 | quarterly | 2023-03-24 |
2022-11-17 | $0.88 | quarterly | 2022-12-02 |
2022-08-18 | $0.88 | quarterly | 2022-09-02 |
2022-05-26 | $0.88 | quarterly | 2022-06-10 |
2022-03-10 | $0.88 | quarterly | 2022-03-25 |
2021-11-18 | $0.69 | quarterly | 2021-12-03 |
2021-08-12 | $0.69 | quarterly | 2021-08-27 |
2021-05-27 | $0.69 | quarterly | 2021-06-11 |
2021-03-11 | $0.69 | quarterly | 2021-03-26 |
2020-11-19 | $0.62 | quarterly | 2020-12-04 |
2020-08-13 | $0.62 | quarterly | 2020-08-28 |
2020-05-28 | $0.62 | quarterly | 2020-06-12 |
2020-03-12 | $0.62 | quarterly | 2020-03-27 |
2019-11-14 | $0.55 | quarterly | 2019-12-06 |
2019-08-15 | $0.55 | quarterly | 2019-09-06 |
2019-05-23 | $0.55 | quarterly | 2019-06-14 |
2019-03-14 | $0.55 | quarterly | 2019-03-29 |
2018-11-15 | $0.50 | quarterly | 2018-12-07 |
2018-08-16 | $0.50 | quarterly | 2018-09-07 |
2018-05-24 | $0.50 | quarterly | 2018-06-15 |
2018-03-15 | $0.50 | quarterly | 2018-03-30 |
2017-11-16 | $0.45 | quarterly | 2017-12-08 |
2017-08-16 | $0.45 | quarterly | 2017-09-08 |
2017-05-24 | $0.45 | quarterly | 2017-06-16 |
2017-03-08 | $0.45 | quarterly | 2017-03-24 |
2016-11-16 | $0.42 | quarterly | 2016-12-16 |
2016-08-10 | $0.42 | quarterly | 2016-09-09 |
2016-05-25 | $0.40 | quarterly | 2016-06-17 |
2016-03-09 | $0.40 | quarterly | 2016-03-31 |
2015-11-18 | $0.40 | quarterly | 2015-12-18 |
2015-08-12 | $0.40 | quarterly | 2015-09-11 |
2015-05-27 | $0.40 | quarterly | 2015-06-19 |
2015-03-11 | $0.40 | quarterly | 2015-03-27 |
2014-11-06 | $0.35 | quarterly | 2014-12-18 |
2014-08-13 | $0.35 | quarterly | 2014-09-12 |
2014-05-28 | $0.35 | quarterly | 2014-06-20 |
2014-03-04 | $0.35 | quarterly | 2014-03-21 |
2013-11-19 | $0.33 | quarterly | 2013-12-19 |
2013-08-14 | $0.33 | quarterly | 2013-09-13 |
2013-05-29 | $0.30 | quarterly | 2013-06-21 |
2013-03-06 | $0.30 | quarterly | 2013-03-22 |
2013-02-27 | $0.30 | quarterly | 2013-03-22 |
Reliance Steel & Aluminum Dividend per year
Reliance Steel & Aluminum Dividend growth
Reliance Steel & Aluminum Dividend Yield
Reliance Steel & Aluminum current trailing twelve-month (TTM) dividend yield is 1.43%. Interested in purchasing Reliance Steel & Aluminum stock? Use our calculator to estimate your expected dividend yield:
Reliance Steel & Aluminum Financial Ratios
Reliance Steel & Aluminum Dividend FAQ
Other factors to consider when evaluating Reliance Steel & Aluminum 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.
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1. Determination of Dividend: Reliance Steel & Aluminum'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, Reliance Steel & Aluminum 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, Reliance Steel & Aluminum 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 Reliance Steel & Aluminum 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. Record Date: Reliance Steel & Aluminum 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, Reliance Steel & Aluminum distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Reliance Steel & Aluminum 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.
To assess the safety of Reliance Steel & Aluminum'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 Reliance Steel & Aluminum'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.