Ferroglobe PLC (NASDAQ:GSM) Shares Set to Pay Quarterly Dividend of $0.01

Ferroglobe PLC (NASDAQ:GSM) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Tuesday, December 22nd will be given a dividend of $0.0150 per share by the basic materials company on Wednesday, December 30th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, December 22nd.

Ferroglobe has a dividend payout ratio of 10.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ferroglobe to earn $0.41 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 14.6%.

Ferroglobe Trading Up 0.5%

Shares of GSM opened at $3.86 on Wednesday. Ferroglobe has a 1 year low of $3.08 and a 1 year high of $5.66. The stock’s 50-day moving average price is $4.16 and its two-hundred day moving average price is $4.22. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.29.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The firm had revenue of $369.76 million during the quarter, compared to the consensus estimate of $382.80 million. Ferroglobe had a negative net margin of 2.96% and a negative return on equity of 3.73%. Equities analysts expect that Ferroglobe will post -0.05 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on GSM shares. Wall Street Zen raised Ferroglobe from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ferroglobe in a research report on Monday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $6.00.

Ferroglobe Company Profile

Ferroglobe PLC (NASDAQ:GSM) is a global producer of silicon and manganese-based alloys. The company manufactures silicon metal, ferrosilicon, manganese alloys, calcium silicon and other specialty alloy products used in the production of steel, aluminum, silicones, solar materials and other industrial goods.

Ferroglobe also operates quartz resources and produces related raw materials used in its alloy manufacturing processes. Its products support several industries, including automotive, construction, energy, chemicals, electronics and renewable energy.