Salzgitter AG Declares Dividend of $0.01 (OTCMKTS:SZGPY)

Salzgitter AG (OTCMKTS:SZGPY) announced a dividend on Tuesday, May 20th, investing.com reports. Stockholders of record on Monday, May 26th will be paid a dividend of 0.0117 per share by the basic materials company on Wednesday, June 11th. This represents a dividend yield of 0.52%. The ex-dividend date is Friday, May 23rd.

Salzgitter Price Performance

Shares of OTCMKTS SZGPY opened at $2.25 on Wednesday. Salzgitter has a 12 month low of $1.40 and a 12 month high of $3.01. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -5.77 and a beta of 1.47. The business has a fifty day simple moving average of $2.51 and a 200-day simple moving average of $2.07.

Salzgitter (OTCMKTS:SZGPY) last posted its quarterly earnings data on Monday, May 12th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter. Salzgitter had a negative return on equity of 4.08% and a negative net margin of 1.92%. The company had revenue of $2.45 billion for the quarter. As a group, sell-side analysts expect that Salzgitter will post -0.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley restated an “underweight” rating on shares of Salzgitter in a report on Wednesday, March 26th. Kepler Capital Markets raised shares of Salzgitter from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 31st. Oddo Bhf lowered Salzgitter to an “underperform” rating in a report on Tuesday, April 15th. Finally, DZ Bank raised Salzgitter from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th.

Salzgitter Company Profile

Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through four segments: Steel Production, Steel Processing, Trading, and Technology. The Steel Production segment manufactures steel and special steels, such as hot-rolled wide strip, steel sheet, sections, tailored blanks, as well as scrap trading.