Gerdau S.A. (GGB) to Issue Quarterly Dividend of $0.02 on March 25th

Gerdau S.A. (NYSE:GGB) announced a quarterly dividend on Tuesday, February 24th. Investors of record on Thursday, March 12th will be given a dividend of 0.0194 per share by the basic materials company on Wednesday, March 25th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, March 12th.

Gerdau has raised its dividend by an average of 0.0%per year over the last three years. Gerdau has a payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Gerdau to earn $0.47 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 40.4%.

Gerdau Price Performance

Shares of GGB opened at $4.16 on Thursday. The company has a 50 day moving average of $4.08 and a two-hundred day moving average of $3.57. The company has a quick ratio of 1.47, a current ratio of 2.89 and a debt-to-equity ratio of 0.26. Gerdau has a twelve month low of $2.27 and a twelve month high of $4.66. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 34.63, a price-to-earnings-growth ratio of 1.15 and a beta of 1.46.

Gerdau (NYSE:GGB) last issued its quarterly earnings results on Monday, February 23rd. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Gerdau had a return on equity of 6.20% and a net margin of 1.93%.The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.12 billion. As a group, analysts predict that Gerdau will post 0.46 earnings per share for the current fiscal year.

Gerdau Company Profile

Gerdau SA is a Brazilian-based steel producer engaged in the manufacture and distribution of long steel products for the construction, industrial and agricultural sectors. Established in 1901, the company operates an integrated network of electric-arc furnaces and rolling mills, producing reinforcement bars, wire rod, merchant bars and structural shapes. Gerdau’s product portfolio also includes specialty long steel, high-yield reinforcement, rail, beams and steel coils, as well as value-added processing services such as cutting, bending and coating.

The company has expanded its footprint beyond Brazil, with significant operations in North America, South America and a presence in select European markets.