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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 2024-08-30. Ex dividend date: 2024-08-16
Reliance Steel & Aluminum annual dividend for 2024 was $3.30
Reliance Steel & Aluminum annual dividend for 2023 was $4.00
Reliance Steel & Aluminum's trailing twelve-month (TTM) dividend yield is 1.51%
Reliance Steel & Aluminum's payout ratio for the trailing twelve months (TTM) is 21.56%
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 12.25% year

Reliance Steel & Aluminum Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-16$1.10quarterly2024-08-30
2024-05-23$1.10quarterly
2024-03-07$1.10quarterly2024-03-22
2023-11-16$1.00quarterly2023-12-01
2023-08-17$1.00quarterly2023-09-01
2023-05-25$1.00quarterly2023-06-09
2023-03-09$1.00quarterly2023-03-24
2022-11-17$0.88quarterly2022-12-02
2022-08-18$0.88quarterly2022-09-02
2022-05-26$0.88quarterly2022-06-10
2022-03-10$0.88quarterly2022-03-25
2021-11-18$0.69quarterly2021-12-03
2021-08-12$0.69quarterly2021-08-27
2021-05-27$0.69quarterly2021-06-11
2021-03-11$0.69quarterly2021-03-26
2020-11-19$0.62quarterly2020-12-04
2020-08-13$0.62quarterly2020-08-28
2020-05-28$0.62quarterly2020-06-12
2020-03-12$0.62quarterly2020-03-27
2019-11-14$0.55quarterly2019-12-06
2019-08-15$0.55quarterly2019-09-06
2019-05-23$0.55quarterly2019-06-14
2019-03-14$0.55quarterly2019-03-29
2018-11-15$0.50quarterly2018-12-07
2018-08-16$0.50quarterly2018-09-07
2018-05-24$0.50quarterly2018-06-15
2018-03-15$0.50quarterly2018-03-30
2017-11-16$0.45quarterly2017-12-08
2017-08-16$0.45quarterly2017-09-08
2017-05-24$0.45quarterly2017-06-16
2017-03-08$0.45quarterly2017-03-24
2016-11-16$0.42quarterly2016-12-16
2016-08-10$0.42quarterly2016-09-09
2016-05-25$0.40quarterly2016-06-17
2016-03-09$0.40quarterly2016-03-31
2015-11-18$0.40quarterly2015-12-18
2015-08-12$0.40quarterly2015-09-11
2015-05-27$0.40quarterly2015-06-19
2015-03-11$0.40quarterly2015-03-27
2014-11-06$0.35quarterly2014-12-18
2014-08-13$0.35quarterly2014-09-12
2014-05-28$0.35quarterly2014-06-20
2014-03-04$0.35quarterly2014-03-21
2013-11-19$0.33quarterly2013-12-19
2013-08-14$0.33quarterly2013-09-13
2013-05-29$0.30quarterly2013-06-21
2013-03-06$0.30quarterly2013-03-22

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 1.51%. Interested in purchasing Reliance Steel & Aluminum stock? Use our calculator to estimate your expected dividend yield:

Reliance Steel & Aluminum Financial Ratios

P/E ratio14.22
PEG ratio1.19
P/B ratio2.12
ROE14.69%
Payout ratio21.56%
Current ratio5.02
Quick ratio2.43
Cash Ratio0.40

Reliance Steel & Aluminum Dividend FAQ

How much is the next Reliance Steel & Aluminum dividend?
Reliance Steel & Aluminum's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Reliance Steel & Aluminum dividend. The next Reliance Steel & Aluminum dividend will be released in March, May, August, or November.
When is Reliance Steel & Aluminum dividend paid?
Reliance Steel & Aluminum pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, 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 Reliance Steel & Aluminum pay?
The specific amount of Reliance Steel & Aluminum 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 Reliance Steel & Aluminum's dividend history.
Does Reliance Steel & Aluminum stock pay dividends?
Yes, Reliance Steel & Aluminum 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 Reliance Steel & Aluminum's dividend history.
How much dividend does Reliance Steel & Aluminum pay?
Reliance Steel & Aluminum paid $3.3 in 2024, $4.0 in 2023, $3.5 in 2022, $2.751 in 2021, and $2.5 in 2020.
How often does Reliance Steel & Aluminum pay dividends?
Reliance Steel & Aluminum 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 March, May, August, and November.
What is Reliance Steel & Aluminum's dividend yield?
The current dividend yield for Reliance Steel & Aluminum is 1.51%. 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 Reliance Steel & Aluminum's exact dividend yield.
When does Reliance Steel & Aluminum go ex dividend?
Reliance Steel & Aluminum's ex-dividend date for the latest dividend was on 2024-08-16. Reliance Steel & Aluminum 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 Reliance Steel & Aluminum dividend paid?
Reliance Steel & Aluminum pays dividends on a quarterly basis, typically around March, May, August, or November, but the exact dates can vary each year.
Will Reliance Steel & Aluminum 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 Reliance Steel & Aluminum 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 Reliance Steel & Aluminum dividend per share?
Reliance Steel & Aluminum paid $3.3 per share in 2024 and $4.0 per share in 2023. The amount of dividend per share that Reliance Steel & Aluminum 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 Reliance Steel & Aluminum 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 Reliance Steel & Aluminum 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 Reliance Steel & Aluminum a dividend stock?
Yes, Reliance Steel & Aluminum is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Reliance Steel & Aluminum a good dividend stock?
Whether Reliance Steel & Aluminum is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Reliance Steel & Aluminum has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does Reliance Steel & Aluminum pay dividends monthly?
Reliance Steel & Aluminum typically pays dividends on a quarterly basis.
Does Reliance Steel & Aluminum pay dividends quarterly?
Reliance Steel & Aluminum currently pays dividends on a quarterly basis.
Has Reliance Steel & Aluminum ever paid a dividend?
Yes, Reliance Steel & Aluminum has a history of paying dividends to its shareholders. Reliance Steel & Aluminum is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Reliance Steel & Aluminum dividend stocks?
To buy Reliance Steel & Aluminum 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 Reliance Steel & Aluminum 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 Reliance Steel & Aluminum pay dividends 2024?
Reliance Steel & Aluminum pays dividends on a quarterly basis. 2024 dividend payments are in 2024-08-30. 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 Reliance Steel & Aluminum increase its dividend in 2024?
Decisions regarding Reliance Steel & Aluminum 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 Reliance Steel & Aluminum dividend overview you can look into the above table of dividend history.
How Reliance Steel & Aluminum dividend works?
The Reliance Steel & Aluminum 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 Reliance Steel & Aluminum's dividend process works:

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.
How are Reliance Steel & Aluminum dividends paid?
Reliance Steel & Aluminum dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does Reliance Steel & Aluminum pay dividends?
Reliance Steel & Aluminum 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 Reliance Steel & Aluminum pay dividends?
The general pattern is that Reliance Steel & Aluminum pays dividends around March, 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 Reliance Steel & Aluminum dividend safe?
The safety of Reliance Steel & Aluminum'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 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.