Gerdau S.A. (GGB) To Go Ex-Dividend on November 12th

Gerdau S.A. (NYSE:GGB) announced a quarterly dividend on Monday, October 26th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.0637 per share by the basic materials company on Tuesday, December 22nd. This represents a $0.25 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Thursday, November 12th. This is a 42.1% increase from Gerdau’s previous quarterly dividend of $0.0448.

Gerdau has raised its dividend by an average of 0.2% annually over the last three years. Gerdau has a dividend payout ratio of 55.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Gerdau to earn $0.62 per share next year, which means the company should continue to be able to cover its $0.21 annual dividend with an expected future payout ratio of 33.9%.

Gerdau Stock Up 4.7%

GGB stock opened at $4.58 on Tuesday. The stock has a 50-day simple moving average of $4.91 and a two-hundred day simple moving average of $4.48. Gerdau has a twelve month low of $3.14 and a twelve month high of $5.48. The firm has a market capitalization of $9.00 billion, a PE ratio of 16.38 and a beta of 1.55. The company has a quick ratio of 1.30, a current ratio of 2.87 and a debt-to-equity ratio of 0.26.

Gerdau (NYSE:GGB) last released its quarterly earnings data on Monday, October 26th. The basic materials company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). Gerdau had a net margin of 4.06% and a return on equity of 8.90%. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.64 billion. On average, equities analysts predict that Gerdau will post 0.55 EPS for the current fiscal year.

Gerdau Company Profile

Gerdau is a Brazilian steel producer with roots dating to 1901, when João Gerdau established a nail factory in Porto Alegre. The company has since grown into a major producer of long steel products and a supplier of special steel.

Its products serve construction, manufacturing, automotive, agricultural and other industrial markets. Gerdau makes items such as reinforcing steel, wire rod, structural shapes and specialty steel, and also has iron ore mining operations in Brazil. Its steelmaking relies substantially on recycling scrap metal.

Gerdau serves customers across the Americas, with operations in Brazil, the United States, Canada and several Latin American countries.