Reliance, Inc. (RS) to Issue Quarterly Dividend of $1.25 on June 5th

Reliance, Inc. (NYSE:RS) announced a quarterly dividend on Friday, April 17th. Investors of record on Friday, May 22nd will be paid a dividend of 1.25 per share by the industrial products company on Friday, June 5th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, May 22nd.

Reliance has increased its dividend by an average of 0.1%annually 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% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Reliance to earn $20.42 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 24.5%.

Reliance Stock Down 0.8%

Shares of NYSE:RS opened at $357.09 on Wednesday. Reliance has a fifty-two week low of $260.31 and a fifty-two week high of $381.00. The firm’s 50-day simple moving average is $327.79 and its 200-day simple moving average is $312.22. The company has a market cap of $18.23 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 1.11 and a beta of 0.95. The company has a quick ratio of 2.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.24.

Reliance (NYSE:RS) last issued its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.63 by $0.53. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the prior year, the business posted $3.77 EPS. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. As a group, equities research analysts predict that Reliance will post 18.98 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP William A. Smith II sold 6,615 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $298.61, for a total value of $1,975,305.15. Following the sale, the senior vice president directly owned 21,747 shares of the company’s stock, valued at $6,493,871.67. This represents a 23.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Stephen Paul Koch sold 24,060 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $321.62, for a total transaction of $7,738,177.20. Following the completion of the sale, the chief operating officer owned 14,021 shares in the company, valued at approximately $4,509,434.02. This trade represents a 63.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 34,175 shares of company stock worth $10,966,902. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Reliance

A number of large investors have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Reliance in the 4th quarter worth approximately $207,691,000. Alliancebernstein L.P. boosted its holdings in shares of 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 in the last quarter. Boston Partners increased its position in shares of Reliance by 27.5% during the 3rd quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock valued at $631,224,000 after purchasing an additional 484,286 shares during the period. Wellington Management Group LLP grew its holdings in Reliance by 25.2% during the third quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock worth $479,870,000 after acquiring an additional 343,598 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in shares of Reliance by 1,019.0% in the 4th quarter. Corient Private Wealth LLC now owns 341,874 shares of the industrial products company’s stock worth $98,758,000 after purchasing an additional 311,323 shares in the last quarter. Institutional investors own 79.26% of the company’s stock.

About Reliance

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.