Gerdau S.A. (NYSE:GGB) Raises Dividend to $0.05 Per Share

Gerdau S.A. (NYSE:GGB) announced a dividend on Wednesday, November 6th,NASDAQ Dividends reports. Stockholders of record on Thursday, November 21st will be paid a dividend of 0.0528 per share by the basic materials company on Monday, December 23rd. The ex-dividend date is Thursday, November 21st. This is a boost from Gerdau’s previous dividend of $0.00396825396825397.

Gerdau has increased its dividend payment by an average of 58.3% annually over the last three years. Gerdau has a dividend payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Gerdau to earn $0.57 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 14.0%.

Gerdau Price Performance

Shares of GGB stock traded up $0.10 during trading hours on Thursday, reaching $3.60. The stock had a trading volume of 16,152,138 shares, compared to its average volume of 8,381,056. The stock’s fifty day simple moving average is $3.30 and its 200 day simple moving average is $3.32. The firm has a market capitalization of $7.58 billion, a PE ratio of 7.36 and a beta of 1.75. Gerdau has a 12 month low of $2.92 and a 12 month high of $4.21. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.21.

About Gerdau

Gerdau SA, together with its subsidiaries, operates as a steel producer company. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business segments. It also provides semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles to the construction and manufacturing industries; drawn products comprising barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire mesh, nails, and clamps for manufacturing, construction, and agricultural industries; and special steel products used in auto parts, light and heavy vehicles, and agricultural machinery, as well as in the oil and gas, wind energy, machinery and equipment, mining and rail, and other markets.