Reliance Steel & Aluminum Empowers Investors with Solid Returns and Fueling Shareholder Value
Portfolio Pulse from Benzinga Insights
Reliance Steel & Aluminum (NYSE:RS) will distribute a dividend payout of $1.00 per share on July 14, 2023, equating to an annualized dividend yield of 1.60%. The company has shown a positive financial trend from 2019 to 2022, with an increase in both dividend per share and earnings per share. Gerdau (NYSE:GGB) has the highest annualized dividend yield at 11.48% among its industry peers.
July 14, 2023 | 3:05 pm
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POSITIVE IMPACT
Gerdau boasts the highest annualized dividend yield at 11.48% among its industry peers.
Gerdau's high annualized dividend yield could make it an attractive option for income-seeking investors, potentially leading to an increase in the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Reliance Steel & Aluminum's dividend payout and positive financial trend suggest a potential increase in shareholder value.
The company's consistent dividend payout and increasing earnings per share indicate a strong financial position, which could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100