Gerdau SA (NYSE:GGB) declared a quarterly dividend on Thursday, March 1st, Wall Street Journal reports. Investors of record on Monday, March 12th will be given a dividend of 0.0093 per share by the basic materials company on Wednesday, March 28th. This represents a $0.04 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Friday, March 9th. This is a boost from Gerdau’s previous quarterly dividend of $0.005.
Gerdau has decreased its dividend payment by an average of 37.9% annually over the last three years. Gerdau has a payout ratio of 14.3% meaning its dividend is sufficiently covered by earnings.
Gerdau (NYSE GGB) traded up $0.23 on Thursday, reaching $5.23. The company had a trading volume of 17,451,661 shares, compared to its average volume of 14,326,582. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 0.57. Gerdau has a fifty-two week low of $2.60 and a fifty-two week high of $5.31. The company has a market cap of $8,753.06, a price-to-earnings ratio of -17.57 and a beta of 2.47.
COPYRIGHT VIOLATION NOTICE: This article was reported by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3231383/gerdau-sa-ggb-plans-dividend-increase-0-01-per-share.html.
Gerdau SA (Gerdau) is a manufacturer of long steel in the North and South America. The Company is engaged in the production and commercialization of steel products in general, through its mills located in Argentina, Brazil, Canada, Chile, Colombia, Spain, the United States, Guatemala, India, Mexico, Peru, the Dominican Republic, Uruguay and Venezuela.
Receive News & Ratings for Gerdau Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gerdau and related companies with MarketBeat.com's FREE daily email newsletter.