United States Steel Co. (X) to Issue Quarterly Dividend of $0.05 on March 12th

United States Steel Co. (NYSE:X) declared a quarterly dividend on Thursday, January 30th,RTT News reports. Shareholders of record on Monday, February 10th will be paid a dividend of 0.05 per share by the basic materials company on Wednesday, March 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Monday, February 10th.

United States Steel has raised its dividend by an average of 35.7% annually over the last three years. United States Steel has a payout ratio of 5.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect United States Steel to earn $4.11 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 4.9%.

United States Steel Trading Down 5.9 %

NYSE X opened at $36.96 on Friday. The company’s fifty day moving average price is $35.09 and its two-hundred day moving average price is $37.03. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 1.30 and a beta of 1.86. United States Steel has a 12 month low of $26.92 and a 12 month high of $48.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91.

United States Steel (NYSE:X) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. As a group, research analysts predict that United States Steel will post 1.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on X shares. BMO Capital Markets cut their price target on United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. JPMorgan Chase & Co. cut their target price on United States Steel from $44.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Bank of America assumed coverage on shares of United States Steel in a research report on Monday, January 6th. They set a “neutral” rating and a $35.00 price target for the company. Jefferies Financial Group dropped their price objective on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $39.00 target price on shares of United States Steel in a research note on Monday, February 3rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.82.

About United States Steel

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.