Ferroglobe PLC (NASDAQ:GSM) Plans $0.01 Quarterly Dividend

Ferroglobe PLC (NASDAQ:GSM) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders of record on Friday, December 20th will be given a dividend of 0.013 per share by the basic materials company on Friday, December 27th. This represents a $0.05 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Friday, December 20th.

Ferroglobe has a dividend payout ratio of 10.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.5 %

NASDAQ GSM opened at $4.02 on Wednesday. The stock has a market cap of $753.48 million, a PE ratio of 16.75 and a beta of 1.86. Ferroglobe has a 12 month low of $3.99 and a 12 month high of $6.78. The company’s 50-day moving average price is $4.34 and its 200-day moving average price is $4.75. The company has a current ratio of 1.83, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.05). The company had revenue of $433.53 million during the quarter, compared to analysts’ expectations of $443.50 million. Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. During the same period last year, the firm earned $0.27 earnings per share. Equities research analysts forecast that Ferroglobe will post 0.28 earnings per share for the current year.

Ferroglobe Company Profile

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.