Reliance, Inc. (RS) To Go Ex-Dividend on November 21st

Reliance, Inc. (NYSE:RS) announced a quarterly dividend on Friday, October 10th. Shareholders of record on Friday, November 21st will be paid a dividend of 1.20 per share by the industrial products company on Friday, December 5th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, November 21st.

Reliance has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 15 consecutive years. Reliance has a payout ratio of 24.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Reliance to earn $18.12 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 26.5%.

Reliance Stock Down 0.1%

Reliance stock opened at $266.01 on Wednesday. Reliance has a fifty-two week low of $250.07 and a fifty-two week high of $347.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.43 and a quick ratio of 2.08. The firm has a market capitalization of $13.91 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 1.46 and a beta of 0.90. The company’s 50 day simple moving average is $279.49 and its 200 day simple moving average is $295.42.

Reliance (NYSE:RS) last announced its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). Reliance had a return on equity of 10.37% and a net margin of 5.23%.The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the prior year, the business earned $3.64 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. As a group, sell-side analysts anticipate that Reliance will post 16.98 EPS for the current year.

Institutional Trading of Reliance

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Boston Partners raised its stake in shares of Reliance by 72.6% during the 2nd quarter. Boston Partners now owns 1,763,317 shares of the industrial products company’s stock worth $552,461,000 after purchasing an additional 741,417 shares in the last quarter. Norges Bank bought a new stake in Reliance during the second quarter worth $207,741,000. Alliancebernstein L.P. lifted its stake in Reliance by 899.4% in the third quarter. Alliancebernstein L.P. now owns 733,528 shares of the industrial products company’s stock valued at $205,997,000 after acquiring an additional 660,128 shares during the last quarter. Nuveen LLC acquired a new stake in Reliance in the first quarter valued at $144,089,000. Finally, Wellington Management Group LLP grew its position in shares of Reliance by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock valued at $479,870,000 after acquiring an additional 343,598 shares during the period. Institutional investors own 79.26% of the company’s stock.

Reliance Company Profile

Reliance, Inc operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.