Commercial Metals Company (CMC) to Distribute Quarterly Dividend of $0.20 on July 15th

Commercial Metals Company (NYSE:CMC – Get Free Report) declared a quarterly dividend on Wednesday, June 24th. Shareholders of record on Monday, July 6th will be given a dividend of 0.20 per share by the basic materials company on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, July 6th.

Commercial Metals has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. Commercial Metals has a dividend payout ratio of 18.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Commercial Metals to earn $7.12 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 11.2%.

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Commercial Metals Trading Up 3.9%

Shares of Commercial Metals stock opened at $74.05 on Friday. The stock has a fifty day moving average price of $71.97 and a 200-day moving average price of $71.29. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.38 and a quick ratio of 1.55. The firm has a market cap of $8.21 billion, a PE ratio of 16.49, a P/E/G ratio of 0.41 and a beta of 1.50. Commercial Metals has a 1 year low of $48.14 and a 1 year high of $84.87.

Commercial Metals (NYSE:CMC – Get Free Report) last posted its quarterly earnings data on Thursday, June 25th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. Commercial Metals had a net margin of 6.02% and a return on equity of 13.54%. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the company posted $0.74 earnings per share. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. Equities research analysts anticipate that Commercial Metals will post 6.56 EPS for the current year.

About Commercial Metals

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Commercial Metals Company (NYSE: CMC) is a leading global steel and metal recycler, manufacturer and fabricator based in Irving, Texas. The company operates an integrated network of scrap recycling facilities, electric arc furnace steel mills, metal fabrication plants and distribution centers. Through these operations, Commercial Metals collects and processes ferrous scrap to produce finished steel products and provides recycled metal to a variety of end markets.

In its steelmaking segment, CMC uses electric arc furnace technology to transform recycled scrap into reinforcing bar (rebar), merchant bar, coil and structural products.

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