POSCO Holdings Inc. (NYSE:PKX – Get Rating) announced a quarterly dividend on Monday, April 18th, Zacks reports. Stockholders of record on Friday, December 31st will be given a dividend of 0.835 per share by the basic materials company on Monday, April 25th. This represents a $3.34 annualized dividend and a dividend yield of 5.72%. The ex-dividend date is Thursday, December 30th.
POSCO has a payout ratio of 37.1% indicating that its dividend is sufficiently covered by earnings.
POSCO stock opened at $58.37 on Wednesday. The stock has a market cap of $20.36 billion, a P/E ratio of 3.09 and a beta of 1.00. The company has a fifty day simple moving average of $58.82 and a 200-day simple moving average of $60.33. POSCO has a 12-month low of $54.20 and a 12-month high of $92.19. The company has a current ratio of 2.21, a quick ratio of 1.49 and a debt-to-equity ratio of 0.24.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JustInvest LLC increased its stake in POSCO by 36.5% in the fourth quarter. JustInvest LLC now owns 8,501 shares of the basic materials company’s stock valued at $496,000 after purchasing an additional 2,273 shares during the period. Sequoia Financial Advisors LLC acquired a new position in POSCO in the fourth quarter valued at $209,000. Advisors Asset Management Inc. increased its stake in POSCO by 9.6% in the fourth quarter. Advisors Asset Management Inc. now owns 43,006 shares of the basic materials company’s stock valued at $2,507,000 after purchasing an additional 3,760 shares during the period. Virtu Financial LLC acquired a new position in POSCO in the fourth quarter valued at $271,000. Finally, Credit Suisse AG increased its stake in POSCO by 26.5% in the fourth quarter. Credit Suisse AG now owns 50,342 shares of the basic materials company’s stock valued at $2,934,000 after purchasing an additional 10,547 shares during the period.
Separately, StockNews.com started coverage on shares of POSCO in a research note on Thursday, March 31st. They set a “buy” rating on the stock.
POSCO Company Profile (Get Rating)
POSCO Holdings Inc, together with its subsidiaries, manufactures and sells steel rolled products and plates in South Korea and internationally. It operates through four segments: Steel, Construction, Trading, and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized sheets, electrical steel, stainless steel, and titanium.
- Get a free copy of the StockNews.com research report on POSCO (PKX)
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