Global Brass and Copper Holdings Inc (BRSS) Plans Quarterly Dividend of $0.09

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.

Global Brass and Copper (NYSE:BRSS) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.14). Global Brass and Copper had a return on equity of 34.25% and a net margin of 3.50%. As a group, analysts predict that Global Brass and Copper will post 2.6 EPS for the current fiscal year.

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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Dividend History for Global Brass and Copper (NYSE:BRSS)

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