Tree Island Steel Ltd. (TSL) to Issue Quarterly Dividend of $0.03 on October 15th

Tree Island Steel Ltd. (TSE:TSL) declared a quarterly dividend on Monday, September 16th, Zacks reports. Stockholders of record on Friday, September 27th will be given a dividend of 0.03 per share on Tuesday, October 15th. This represents a $0.12 annualized dividend and a dividend yield of 4.62%. The ex-dividend date is Friday, September 27th.

Tree Island Steel Price Performance

TSE TSL opened at C$2.60 on Wednesday. Tree Island Steel has a 12 month low of C$2.48 and a 12 month high of C$3.70. The company has a market capitalization of C$67.99 million, a P/E ratio of 52.00 and a beta of 0.97. The company’s 50 day simple moving average is C$2.74 and its 200 day simple moving average is C$3.00. The company has a debt-to-equity ratio of 21.10, a current ratio of 5.39 and a quick ratio of 1.75.

Tree Island Steel (TSE:TSL) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.02 EPS for the quarter. The company had revenue of C$57.72 million during the quarter. Tree Island Steel had a return on equity of 1.01% and a net margin of 0.61%. Equities research analysts expect that Tree Island Steel will post 0.3627312 earnings per share for the current fiscal year.

About Tree Island Steel

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers low-carbon and high-carbon galvanized steel wires; clean and bright wire for industrial and original equipment manufacturer customers; agricultural products, including fencing, barbed wire, galvanized wire, and bright wire, as well as other fabricated wire products specifically for farming, ranching, and vineyards; welded wire concrete reinforcing mesh and other fabricated wire products for heavy construction industry and infrastructure projects; and nails and stucco reinforcing products for residential and light commercial construction.