Russel Metals Declares 76th Consecutive Quarterly Common Share Dividend
Russel Metals Inc. (TSX: RUS) has declared a dividend of CA$0.38 per share on its common shares, set to be paid on March 15, 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Russel Metals Inc. (TSX: RUS) has declared a dividend of CA$0.38 per share on its common shares, set to be paid on March 15, 2021. Shareholders of record by the close of business on February 26, 2021 will receive this payment. Russel Metals is a leading metals distribution company in North America, operating in three segments: metals service centers, energy products, and steel distributors. This announcement marks the company's 76th consecutive quarterly dividend, highlighting its financial stability and commitment to returning income to shareholders.
Positive
- Declared a dividend of CA$0.38 per share, demonstrating financial stability.
- Marks the 76th consecutive quarterly dividend, indicating reliable income for shareholders.
Negative
- None.
Details
News Market Reaction – RUSMF
The recorded move for RUSMF in the trading session of this news was -5.44%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TORONTO, Feb. 10, 2021 /PRNewswire/ - Russel Metals Inc. (TSX: RUS) announces that it has declared a dividend in the amount of CA
About Russel Metals
Russel Metals is one of the largest metals distribution companies in North America. It carries on business in three metals distribution segments: metals service centers, energy products and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals. Its energy products operations carry a specialized product line focused on the needs of energy industry customers. Its steel distributors operations act as master distributors selling steel in large volumes to other steel service centers and large equipment manufacturers mainly on an "as is" basis.
If you would like to unsubscribe from receiving Press Releases, you may do so by emailing info@russelmetals.com; or by calling our Investor Relations Line: 905-816-5178.
View original content:http://www.prnewswire.com/news-releases/russel-metals-declares-76th-consecutive-quarterly-common-share-dividend-301226268.html
SOURCE Russel Metals Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.