Ferroglobe PLC (GSM) To Go Ex-Dividend on March 20th

Ferroglobe PLC (NASDAQ:GSM) announced a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Stockholders of record on Thursday, March 20th will be given a dividend of 0.014 per share by the basic materials company on Wednesday, March 26th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Thursday, March 20th. This is a 7.7% increase from Ferroglobe’s previous quarterly dividend of $0.01.

Ferroglobe has a payout ratio of 10.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ferroglobe to earn $0.59 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 10.2%.

Ferroglobe Trading Up 0.2 %

Shares of GSM stock opened at $4.04 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.82. The stock has a market capitalization of $759.06 million, a P/E ratio of 202.00 and a beta of 1.89. The company has a 50 day moving average price of $3.86 and a 200 day moving average price of $4.12. Ferroglobe has a fifty-two week low of $3.23 and a fifty-two week high of $6.19.

Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The firm had revenue of $367.51 million during the quarter, compared to analysts’ expectations of $393.00 million. Ferroglobe had a net margin of 0.32% and a return on equity of 6.36%. Equities research analysts predict that Ferroglobe will post 0.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on GSM shares. StockNews.com cut shares of Ferroglobe from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Seaport Res Ptn cut shares of Ferroglobe from a “strong-buy” rating to a “hold” rating in a report on Monday, February 24th.

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.