Russel Metals Inc. operates as a metal distribution company in North America. The company operates through three segments: Metals Service Centers, Energy Products, and Steel Distributors. The Metal Service Centers segment sells plates, flat rolled carbon, stainless steel, aluminum, and other non-ferrous specialty metal products, as well as general line steel products, such as plates, structural shapes, bars, sheets, pipes, tubing, and hollow structural steel tubing. It also offers services, including fiber tube and flat laser processing; multi-dimensional press braking and rolling; shearing, slitting, and cutting to length; laser, oxy-fuel, and plasma cutting; stretcher and traditional leveling; beam drilling, notching, coping, and tee-splitting; saw cutting; edge trimming; and cambering. This segment serves customers in industries, such as machinery and equipment manufacturing, construction, ship building, and natural resources. The Energy Products segment distributes flanges, valves, fittings, and tubular goods primarily to energy industry. The Steel Distributors segment operates as a steel distributor for steel service centers and large equipment manufactures. Russel Metals Inc. was incorporated in 1929 and is headquartered in Mississauga, Canada.
Russel Metals Dividend Announcement
• Russel Metals announced a quarterly dividend of $0.30 per ordinary share which will be made payable on 2024-12-16. Ex dividend date: 2024-11-27
• Russel Metals annual dividend for 2024 was $1.22
• Russel Metals annual dividend for 2023 was $1.16
• Russel Metals's trailing twelve-month (TTM) dividend yield is 4.0%
• Russel Metals's payout ratio for the trailing twelve months (TTM) is 47.20%
• Russel Metals's dividend growth over the last five years (2018-2023) was 5.71% year
Russel Metals Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-27 | $0.30 | quarterly | 2024-12-16 |
2024-08-28 | $0.31 | quarterly | 2024-09-16 |
2024-05-29 | $0.31 | quarterly | |
2024-02-28 | $0.30 | quarterly | |
2023-11-28 | $0.29 | quarterly | 2023-12-15 |
2023-08-28 | $0.29 | quarterly | 2023-09-15 |
2023-05-29 | $0.29 | quarterly | 2023-06-15 |
2023-02-27 | $0.28 | quarterly | 2023-03-15 |
2022-11-25 | $0.28 | quarterly | 2022-12-15 |
2022-08-26 | $0.29 | quarterly | 2022-09-15 |
2022-05-26 | $0.30 | quarterly | 2022-06-15 |
2022-02-25 | $0.30 | quarterly | 2022-03-15 |
2021-11-23 | $0.30 | quarterly | 2021-12-15 |
2021-08-25 | $0.30 | quarterly | 2021-09-15 |
2021-05-26 | $0.32 | quarterly | 2021-06-15 |
2021-02-25 | $0.30 | quarterly | 2021-03-15 |
2020-11-24 | $0.29 | quarterly | 2020-12-15 |
2020-08-26 | $0.29 | quarterly | 2020-09-15 |
2020-05-27 | $0.28 | quarterly | 2020-06-15 |
2020-02-27 | $0.28 | quarterly | 2020-03-16 |
2019-11-25 | $0.29 | quarterly | 2019-12-16 |
2019-08-26 | $0.29 | quarterly | 2019-09-16 |
2019-05-28 | $0.28 | quarterly | 2019-06-14 |
2018-11-23 | $0.29 | quarterly | 2018-12-14 |
2018-05-25 | $0.29 | quarterly | 2018-06-15 |
2018-02-28 | $0.30 | quarterly | 2018-03-15 |
2017-11-24 | $0.30 | quarterly | 2017-12-15 |
2017-08-24 | $0.30 | quarterly | 2017-09-15 |
2017-05-24 | $0.28 | quarterly | 2017-06-15 |
2017-03-01 | $0.29 | quarterly | 2017-03-15 |
2016-11-28 | $0.28 | quarterly | |
2016-08-25 | $0.29 | quarterly | |
2016-05-19 | $0.29 | quarterly | |
2016-02-26 | $0.28 | quarterly | |
2015-11-23 | $0.28 | quarterly | |
2015-08-25 | $0.29 | quarterly | |
2015-05-21 | $0.31 | quarterly | |
2015-02-27 | $0.30 | quarterly | |
2014-11-24 | $0.34 | quarterly | |
2014-08-22 | $0.35 | quarterly | |
2014-05-22 | $0.32 | quarterly | |
2014-03-03 | $0.32 | quarterly |
Russel Metals Dividend per year
Russel Metals Dividend growth
Russel Metals Dividend Yield
Russel Metals current trailing twelve-month (TTM) dividend yield is 4.0%. Interested in purchasing Russel Metals stock? Use our calculator to estimate your expected dividend yield:
Russel Metals Financial Ratios
Russel Metals Dividend FAQ
Other factors to consider when evaluating Russel Metals 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: Russel Metals'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, Russel Metals 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, Russel Metals 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 Russel Metals 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: Russel Metals 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, Russel Metals distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Russel Metals 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 Russel Metals'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 Russel Metals'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.