ArcelorMittal (NYSE:MT) Plans Quarterly Dividend of $0.15

ArcelorMittal (NYSE:MT) declared a quarterly dividend on Tuesday, February 10th. Shareholders of record on Friday, February 20th will be given a dividend of 0.15 per share by the basic materials company on Wednesday, March 18th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 20th.

ArcelorMittal has a dividend payout ratio of 9.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect ArcelorMittal to earn $5.14 per share next year, which means the company should continue to be able to cover its $0.46 annual dividend with an expected future payout ratio of 8.9%.

ArcelorMittal Stock Performance

MT stock traded up $3.32 during trading hours on Wednesday, hitting $66.41. 1,594,586 shares of the stock were exchanged, compared to its average volume of 1,802,168. ArcelorMittal has a 12 month low of $23.19 and a 12 month high of $66.97. The company has a current ratio of 1.36, a quick ratio of 0.53 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $51.47 billion, a P/E ratio of 16.20, a P/E/G ratio of 0.54 and a beta of 1.52. The company has a 50-day simple moving average of $49.14 and a two-hundred day simple moving average of $41.02.

ArcelorMittal (NYSE:MT) last announced its earnings results on Thursday, February 5th. The basic materials company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.56 by $0.30. The company had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.56 billion. ArcelorMittal had a net margin of 5.14% and a return on equity of 5.27%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. On average, analysts forecast that ArcelorMittal will post 3.72 earnings per share for the current fiscal year.

About ArcelorMittal

ArcelorMittal is a multinational steel manufacturing company formed in 2006 through the merger of Arcelor and Mittal Steel. Headquartered in Luxembourg, the company is one of the world’s largest producers of steel and operates an integrated value chain that spans raw material extraction, steelmaking, processing and distribution. Its product portfolio includes flat and long carbon steel products, coated and specialty steels, tubular products and value-added solutions tailored for sectors such as automotive, construction, household appliances, energy and packaging.

ArcelorMittal’s operations are global in scope, with production facilities, distribution networks and commercial activities across Europe, the Americas, Asia, Africa and the Commonwealth of Independent States.