Reliance, Inc. (RS) To Go Ex-Dividend on May 22nd

Reliance, Inc. (NYSE:RS) declared a quarterly dividend on Friday, April 17th. Shareholders of record on Friday, May 22nd will be given a dividend of 1.25 per share by the industrial products company on Friday, June 5th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 22nd.

Reliance has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 15 consecutive years. Reliance has a dividend payout ratio of 25.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Reliance to earn $20.42 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 24.5%.

Reliance Stock Down 0.8%

NYSE RS opened at $357.09 on Wednesday. The stock has a market cap of $18.23 billion, a PE ratio of 23.29, a P/E/G ratio of 1.11 and a beta of 0.95. Reliance has a fifty-two week low of $260.31 and a fifty-two week high of $381.00. The business has a 50 day moving average price of $327.79 and a two-hundred day moving average price of $312.22. The company has a quick ratio of 2.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.24.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.53. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The firm had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the firm posted $3.77 EPS. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. As a group, sell-side analysts predict that Reliance will post 18.98 EPS for the current fiscal year.

Reliance Company Profile

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.