Tree Island Steel Ltd. will issue a quarterly dividend of $0.03 (TSE:TSL)

Tree Island Steel Ltd. (TSE:TSL – Get Rating) declared a quarterly dividend on Friday, May 13, Zacks reports. Investors of record on Thursday, June 30 will receive a dividend of 0.03 per share on Friday, July 15. This represents a dividend of $0.12 on an annualized basis and a yield of 2.65%. The ex-dividend date is Wednesday, June 29.

TSE:TSL opened at C$4.53 on Friday. Tree Island Steel has a 1-year low of C$3.21 and a 1-year high of C$7.23. The company’s 50-day simple moving average is C$5.36 and its 200-day simple moving average is C$5.16. The company has a current ratio of 2.87, a quick ratio of 1.31 and a debt ratio of 30.93. The company has a market capitalization of C$128.81 million and a PE ratio of 1.47.

Tree Island Steel (TSE:TSL – Get Rating) last released its results on Wednesday, March 2. The company reported earnings per share (EPS) of C$2.08 for the quarter. The company had revenue of C$75.95 million in the quarter. As a group, analysts expect Tree Island Steel to post EPS of 0.23 for the current fiscal year.

About Tree Island Steel (Get an evaluation)

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products for industrial, construction, agricultural and specialty applications in Canada, the United States and internationally. It offers industrial products, such as pulp and uniting, recycling wire, chain link, upholstery, low carbon and shaped wires, as well as straight and cut bars and cables. for use in the petroleum industry.

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Dividend history for Tree Island Steel (TSE:TSL)

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Lynn A. Saleh