Reliance, Inc. (RS) To Go Ex-Dividend on August 14th

Reliance, Inc. (NYSE:RS) declared a quarterly dividend on Friday, July 17th. Shareholders of record on Friday, August 14th will be given a dividend of 1.25 per share by the industrial products company on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th.

Reliance has raised its dividend payment by an average of 0.1%per year 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. Equities research analysts expect Reliance to earn $22.40 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 22.3%.

Reliance Trading Down 1.2%

Shares of RS opened at $423.15 on Wednesday. The company’s fifty day simple moving average is $396.98 and its 200-day simple moving average is $356.17. The company has a market cap of $21.61 billion, a P/E ratio of 24.60, a P/E/G ratio of 1.10 and a beta of 0.96. The company has a current ratio of 4.30, a quick ratio of 2.27 and a debt-to-equity ratio of 0.22. Reliance has a twelve month low of $260.31 and a twelve month high of $433.02.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 EPS for the quarter, topping analysts’ consensus estimates of $5.47 by $0.80. The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.26 billion. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The firm’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period in the previous year, the company earned $4.43 EPS. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. As a group, analysts expect that Reliance will post 22.23 EPS for the current year.

Reliance Company Profile

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.