Russel Metals Inc (TSE:RUS) Director Alice D. Laberge purchased 500 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were purchased at an average price of C$21.60 per share, for a total transaction of C$10,800.00. Following the completion of the purchase, the director now directly owns 7,500 shares of the company’s stock, valued at C$162,000.
Shares of Russel Metals stock opened at C$21.60 on Friday. The firm has a market capitalization of $1.34 billion and a PE ratio of 10.39. The company has a debt-to-equity ratio of 70.18, a current ratio of 3.16 and a quick ratio of 1.26. The company’s fifty day moving average price is C$22.31 and its two-hundred day moving average price is C$21.50. Russel Metals Inc has a 52-week low of C$18.47 and a 52-week high of C$25.22.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 16th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date of this dividend is Thursday, February 27th. Russel Metals’s dividend payout ratio is 73.15%.
About Russel Metals
Russel Metals Inc distributes steel and metal products in North America. The company operates through three segments: Metal Service Centers, Energy Products, and Steel Distributors. The Metal Service Center segment sells plates, flat rolled carbon and general line steel products, stainless steel, aluminum, and other non-ferrous specialty metal products.
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