Reliance Steel & Aluminum Increased Quarterly Dividend By 10.0% To $1.10 Per Share
Portfolio Pulse from Benzinga Newsdesk
Reliance Steel & Aluminum announced a 10.0% increase in its quarterly dividend, raising it to $1.10 per share.

February 15, 2024 | 11:57 am
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POSITIVE IMPACT
Reliance Steel & Aluminum has increased its quarterly dividend by 10.0%, now at $1.10 per share.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future prospects. This 10% increase in the quarterly dividend by Reliance Steel & Aluminum is likely to be seen as a strong positive signal by investors, potentially leading to a short-term uptick in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100