Tree Island Steel Ltd. (TSE:TSL) declared a quarterly dividend on Friday, December 15th, Zacks reports. Stockholders of record on Friday, December 29th will be paid a dividend of 0.02 per share on Monday, January 15th. This represents a $0.08 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Thursday, December 28th.

Shares of Tree Island Steel (TSE TSL) traded up C$0.09 during mid-day trading on Friday, hitting C$2.83. 23,392 shares of the stock traded hands, compared to its average volume of 40,008. The firm has a market cap of $84.57, a PE ratio of -283.00 and a beta of -0.40. Tree Island Steel has a 1 year low of C$2.01 and a 1 year high of C$5.06.

TSL has been the topic of several recent research reports. Canaccord Genuity lowered their price target on shares of Tree Island Steel from C$3.75 to C$3.25 in a research report on Friday, November 3rd. Pi Financial lowered their price target on shares of Tree Island Steel from C$5.00 to C$3.25 in a research report on Friday, November 3rd. Finally, Raymond James Financial lowered their price target on shares of Tree Island Steel from C$4.00 to C$3.00 and set a “market perform” rating on the stock in a research report on Friday, November 3rd.

In other news, insider Island Steel Ltd. (Former Tree purchased 65,600 shares of the stock in a transaction dated Tuesday, September 26th. The shares were purchased at an average price of C$3.10 per share, with a total value of C$203,360.00.

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Tree Island Steel Company Profile

Tree Island Steel Ltd. manufactures and sells steel wire and wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. It offers residential products, including bulk nails, collated nails, packaged nails and fasteners, bulk screws, and packaged nails and fasteners, as well as nail head identification systems; and woven wires, welded wires, and corners and accessories.

Dividend History for Tree Island Steel (TSE:TSL)

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