ArcelorMittal (MT) To Go Ex-Dividend on May 13th

ArcelorMittal (NYSE:MTGet Free Report) declared a quarterly dividend on Friday, February 13th. Investors of record on Wednesday, May 13th will be paid a dividend of 0.15 per share by the basic materials company on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, May 13th.

ArcelorMittal has a dividend payout ratio of 10.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ArcelorMittal to earn $7.09 per share next year, which means the company should continue to be able to cover its $0.51 annual dividend with an expected future payout ratio of 7.2%.

ArcelorMittal Trading Down 0.0%

Shares of NYSE MT opened at $62.03 on Monday. ArcelorMittal has a 1 year low of $29.62 and a 1 year high of $67.60. The stock has a market cap of $48.07 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 0.50 and a beta of 1.48. The firm has a 50-day moving average of $57.03 and a 200 day moving average of $50.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.39 and a quick ratio of 0.54.

ArcelorMittal (NYSE:MTGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. ArcelorMittal had a net margin of 4.71% and a return on equity of 4.77%. The company had revenue of $15.46 billion during the quarter, compared to analysts’ expectations of $17.04 billion. During the same period last year, the company posted $1.05 EPS. ArcelorMittal’s revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts expect that ArcelorMittal will post 4.67 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on MT. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ArcelorMittal in a research report on Friday, February 6th. Wells Fargo & Company lifted their price target on shares of ArcelorMittal from $60.00 to $61.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Citigroup reissued a “buy” rating on shares of ArcelorMittal in a research report on Friday, February 13th. Oddo Bhf raised shares of ArcelorMittal from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 14th. Finally, Weiss Ratings raised shares of ArcelorMittal from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, ArcelorMittal currently has an average rating of “Hold” and an average target price of $61.07.

Read Our Latest Report on ArcelorMittal

ArcelorMittal Company Profile

(Get Free Report)

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.

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Dividend History for ArcelorMittal (NYSE:MT)

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