Reliance, Inc. (NYSE:RS) Increases Dividend to $1.25 Per Share

Reliance, Inc. (NYSE:RS) announced a quarterly dividend on Wednesday, February 18th. Stockholders of record on Friday, March 6th will be paid a dividend of 1.25 per share by the industrial products company on Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, March 6th. This is a 4.2% increase from Reliance’s previous quarterly dividend of $1.20.

Reliance has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Reliance has a dividend payout ratio of 24.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Reliance to earn $18.12 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 26.5%.

Reliance Price Performance

Shares of NYSE RS traded down $10.88 during trading on Thursday, reaching $325.57. The company had a trading volume of 71,852 shares, compared to its average volume of 344,144. The stock has a market cap of $17.02 billion, a PE ratio of 23.79, a PEG ratio of 2.03 and a beta of 0.92. Reliance has a 52 week low of $250.07 and a 52 week high of $365.59. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.08 and a current ratio of 4.43. The business’s 50 day moving average price is $316.69 and its 200-day moving average price is $294.58.

Reliance (NYSE:RS) last announced its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $2.40 EPS for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.40). Reliance had a return on equity of 10.37% and a net margin of 5.23%.The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same quarter in the previous year, the business earned $2.22 earnings per share. Reliance’s revenue for the quarter was up 11.9% compared to the same quarter last year. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. Analysts expect that Reliance will post 16.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on RS shares. Wells Fargo & Company lifted their target price on shares of Reliance from $284.00 to $287.00 and gave the stock an “equal weight” rating in a report on Friday, November 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Reliance in a research note on Monday, December 29th. KeyCorp reiterated an “overweight” rating on shares of Reliance in a research report on Wednesday, January 7th. JPMorgan Chase & Co. decreased their price objective on shares of Reliance from $345.00 to $340.00 and set an “overweight” rating for the company in a report on Friday, December 5th. Finally, BMO Capital Markets cut their target price on shares of Reliance from $340.00 to $315.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Reliance presently has a consensus rating of “Moderate Buy” and a consensus price target of $317.25.

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.