SSAB AB (publ) (OTCMKTS:SSAAY) to Issue Dividend of $0.08

SSAB AB (publ) (OTCMKTS:SSAAY) announced a dividend on Tuesday, April 29th, investing.com reports. Shareholders of record on Monday, May 5th will be paid a dividend of 0.0768 per share by the basic materials company on Thursday, May 22nd. This represents a yield of 2.46%. The ex-dividend date of this dividend is Friday, May 2nd.

SSAB AB (publ) Stock Up 1.4 %

Shares of SSAAY stock opened at $3.17 on Wednesday. SSAB AB has a 12 month low of $1.89 and a 12 month high of $3.70. The stock has a market cap of $6.32 billion, a P/E ratio of 10.57 and a beta of 1.18. The company has a current ratio of 2.71, a quick ratio of 1.54 and a debt-to-equity ratio of 0.09. The company has a 50 day simple moving average of $3.12 and a two-hundred day simple moving average of $2.59.

SSAB AB (publ) (OTCMKTS:SSAAY) last announced its earnings results on Tuesday, April 29th. The basic materials company reported $0.05 EPS for the quarter. SSAB AB (publ) had a net margin of 6.33% and a return on equity of 9.35%. On average, research analysts expect that SSAB AB will post 0.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of SSAB AB (publ) in a report on Monday, April 14th. Nordea Equity Research cut shares of SSAB AB (publ) to a “hold” rating in a research note on Wednesday, April 23rd.

SSAB AB (publ) Company Profile

SSAB AB (publ) produces and sells steel products in Sweden, Finland, Rest of Europe, the United States, and internationally. It operates through five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The SSAB Special Steels segment offers quenched and tempered steels, and advanced high-strength steel products for steel and plate production.