Gerdau S.A. Plans Quarterly Dividend of $0.02 (NYSE:GGB)

Gerdau S.A. (NYSE:GGB) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Stockholders of record on Friday, March 7th will be paid a dividend of 0.0175 per share by the basic materials company on Friday, March 21st. This represents a $0.07 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, March 7th.

Gerdau has decreased its dividend payment by an average of 20.6% annually over the last three years. Gerdau has a dividend payout ratio of 46.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Gerdau to earn $0.47 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 42.6%.

Gerdau Trading Down 2.2 %

Shares of GGB traded down $0.07 during trading hours on Friday, hitting $2.83. 9,394,991 shares of the stock traded hands, compared to its average volume of 8,903,711. The company has a current ratio of 2.98, a quick ratio of 1.53 and a debt-to-equity ratio of 0.21. Gerdau has a 1-year low of $2.67 and a 1-year high of $4.04. The firm has a market capitalization of $5.87 billion, a PE ratio of 6.57 and a beta of 1.73. The business has a fifty day moving average of $2.96 and a 200-day moving average of $3.19.

Gerdau (NYSE:GGB) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.66 billion. Gerdau had a return on equity of 7.74% and a net margin of 7.03%. Analysts expect that Gerdau will post 0.46 EPS for the current year.

About Gerdau

Gerdau SA, together with its subsidiaries, operates as a steel producer company. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business segments. It also provides semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles to the construction and manufacturing industries; drawn products comprising barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire mesh, nails, and clamps for manufacturing, construction, and agricultural industries; and special steel products used in auto parts, light and heavy vehicles, and agricultural machinery, as well as in the oil and gas, wind energy, machinery and equipment, mining and rail, and other markets.