Global Brass and Copper Holdings Inc (NYSE:BRSS) announced a quarterly dividend on Tuesday, April 30th, NASDAQ reports. Stockholders of record on Monday, May 13th will be given a dividend of 0.09 per share by the industrial products company on Wednesday, May 22nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, May 10th.
Global Brass and Copper has increased its dividend payment by an average of 26.0% per year over the last three years and has increased its dividend every year for the last 2 years. Global Brass and Copper has a payout ratio of 11.7% indicating that its dividend is sufficiently covered by earnings.
Shares of NYSE BRSS traded up $0.11 during mid-day trading on Friday, reaching $43.63. 865,105 shares of the company were exchanged, compared to its average volume of 298,340. Global Brass and Copper has a twelve month low of $24.06 and a twelve month high of $44.08. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.97 and a current ratio of 3.27. The stock has a market cap of $956.48 million, a PE ratio of 13.98 and a beta of 1.21.
Several analysts have weighed in on BRSS shares. ValuEngine upgraded shares of Global Brass and Copper from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research lowered shares of Global Brass and Copper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 6th.
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About Global Brass and Copper
Global Brass and Copper Holdings, Inc converts, fabricates, processes, and distributes specialized non-ferrous products in the United States, the Asia Pacific, and Mexico. It operates in three segments: Olin Brass, Chase Brass, and A.J. Oster. The Olin Brass segment manufactures, fabricates, and converts specialized copper and brass sheets, strips, foils, tubes, and fabricated products; and rerolls and forms other alloys, such as stainless steel, carbon steel, and aluminum.
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