Reliance, Inc. (RS) To Go Ex-Dividend on August 14th

Reliance, Inc. (NYSE:RSGet Free Report) announced a quarterly dividend on Tuesday, July 21st. Shareholders of record on Friday, August 14th will be given a dividend of 1.25 per share by the industrial products company on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th.

Reliance has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Reliance has a payout ratio of 25.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Reliance to earn $20.82 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 24.0%.

Reliance Trading Up 0.7%

Reliance stock opened at $386.25 on Thursday. Reliance has a 12-month low of $260.31 and a 12-month high of $419.83. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24. The stock has a market capitalization of $19.72 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 1.18 and a beta of 0.97. The firm has a 50 day simple moving average of $385.48 and a 200-day simple moving average of $346.33.

Reliance (NYSE:RSGet Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.47 by $0.80. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period last year, the company posted $4.43 EPS. The firm’s quarterly revenue was up 26.5% on a year-over-year basis. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts expect that Reliance will post 19.24 EPS for the current fiscal year.

Reliance Company Profile

(Get Free Report)

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.

See Also

Dividend History for Reliance (NYSE:RS)

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