ArcelorMittal S.A. (NYSE:MT) Declares $0.21 Semi-Annual Dividend

ArcelorMittal S.A. (NYSE:MT) announced a Semi-Annual dividend on Monday, April 15th, Zacks reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.213 per share by the basic materials company on Wednesday, June 12th. The ex-dividend date is Thursday, May 16th.

ArcelorMittal Price Performance

Shares of NYSE:MT opened at $25.18 on Wednesday. The company has a 50-day simple moving average of $26.90 and a 200-day simple moving average of $25.89. ArcelorMittal has a one year low of $21.30 and a one year high of $30.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.67 and a current ratio of 1.53. The stock has a market capitalization of $20.28 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 0.34 and a beta of 1.93.

ArcelorMittal (NYSE:MT) last announced its earnings results on Thursday, February 8th. The basic materials company reported ($3.57) EPS for the quarter, missing analysts’ consensus estimates of ($2.08) by ($1.49). The business had revenue of $14.55 billion during the quarter, compared to analysts’ expectations of $16.39 billion. ArcelorMittal had a net margin of 1.35% and a return on equity of 8.55%. ArcelorMittal’s quarterly revenue was down 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 earnings per share. On average, analysts predict that ArcelorMittal will post 4.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MT. StockNews.com cut shares of ArcelorMittal from a “buy” rating to a “hold” rating in a report on Monday, March 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $31.00 price target (down from $34.00) on shares of ArcelorMittal in a report on Tuesday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors grew its position in shares of ArcelorMittal by 166.1% in the first quarter. Captrust Financial Advisors now owns 1,381 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 862 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of ArcelorMittal in the third quarter valued at approximately $28,000. Clear Street Markets LLC acquired a new stake in shares of ArcelorMittal in the fourth quarter valued at approximately $40,000. Atlas Capital Advisors LLC grew its position in shares of ArcelorMittal by 72.0% in the first quarter. Atlas Capital Advisors LLC now owns 2,018 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 845 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of ArcelorMittal by 41.3% in the second quarter. PNC Financial Services Group Inc. now owns 3,975 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 1,161 shares during the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.

About ArcelorMittal

ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in the United States, Europe, and internationally. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.