Ferroglobe PLC (NASDAQ:GSM – Get Free Report) announced a quarterly dividend on Monday, August 5th, Zacks reports. Investors of record on Friday, September 20th will be paid a dividend of 0.013 per share by the basic materials company on Friday, September 27th. This represents a $0.05 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, September 20th.
Ferroglobe has a dividend payout ratio of 10.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ferroglobe to earn $0.49 per share next year, which means the company should continue to be able to cover its $0.05 annual dividend with an expected future payout ratio of 10.2%.
Ferroglobe Price Performance
Shares of NASDAQ GSM opened at $4.20 on Thursday. The company has a market capitalization of $787.22 million, a price-to-earnings ratio of 12.35 and a beta of 1.83. Ferroglobe has a 1-year low of $4.07 and a 1-year high of $6.78. The business has a 50-day moving average of $4.80 and a 200-day moving average of $5.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.63 and a quick ratio of 0.91.
Analysts Set New Price Targets
Separately, StockNews.com raised Ferroglobe from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th.
Check Out Our Latest Analysis on Ferroglobe
About Ferroglobe
Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics; and silicon metal for primary and secondary aluminum producers.
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