Olympic Steel, Inc. (NASDAQ:ZEUS) announced a quarterly dividend on Friday, November 9th, Wall Street Journal reports. Investors of record on Monday, December 3rd will be given a dividend of 0.02 per share by the basic materials company on Monday, December 17th. This represents a $0.08 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Friday, November 30th.

Olympic Steel has a dividend payout ratio of 2.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Olympic Steel to earn $2.22 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 3.6%.

Olympic Steel stock opened at $20.12 on Friday. The stock has a market cap of $221.93 million, a P/E ratio of 8.58 and a beta of 1.73. Olympic Steel has a 52 week low of $17.40 and a 52 week high of $25.84. The company has a current ratio of 3.67, a quick ratio of 1.37 and a debt-to-equity ratio of 1.00.

Olympic Steel (NASDAQ:ZEUS) last posted its earnings results on Thursday, November 8th. The basic materials company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.83 by $0.36. The firm had revenue of $457.00 million for the quarter, compared to analyst estimates of $452.60 million. Olympic Steel had a return on equity of 9.63% and a net margin of 2.04%. Olympic Steel’s revenue for the quarter was up 37.9% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share. Research analysts anticipate that Olympic Steel will post 3.2 earnings per share for the current fiscal year.

Several brokerages have commented on ZEUS. Zacks Investment Research lowered Olympic Steel from a “buy” rating to a “hold” rating in a report on Friday, August 17th. BidaskClub lowered Olympic Steel from a “buy” rating to a “hold” rating in a report on Saturday, July 28th. Finally, ValuEngine lowered Olympic Steel from a “sell” rating to a “strong sell” rating in a report on Friday, September 28th.

ILLEGAL ACTIVITY NOTICE: This article was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://www.dailypolitical.com/2018/11/10/olympic-steel-inc-zeus-announces-0-02-quarterly-dividend.html.

Olympic Steel Company Profile

Olympic Steel, Inc processes and distributes metal products in the United States and internationally. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The Carbon Flat Products segment sells and distributes processed carbon and coated flat-rolled sheets, coil and plate products, and fabricated parts.

See Also: Discover Your Risk Tolerance

Dividend History for Olympic Steel (NASDAQ:ZEUS)

Receive News & Ratings for Olympic Steel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Olympic Steel and related companies with MarketBeat.com's FREE daily email newsletter.