Tree Island Steel Ltd. to Issue Quarterly Dividend of $0.03 (TSE:TSL)

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

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 firm’s fifty 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-to-equity ratio of 30.93. The firm has a market capitalization of C$128.81 million and a PE ratio of 1.47.

Tree Island Steel (TSE:TSLGet Rating) last posted its earnings results on Wednesday, March 2nd. The company reported C$2.08 earnings per share (EPS) for the quarter. The firm had revenue of C$75.95 million during the quarter. As a group, analysts anticipate that Tree Island Steel will post 0.23 EPS for the current fiscal year.

About Tree Island Steel (Get Rating)

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 unitizing, recycling wire, chain link, upholstery, low carbon, and shaped wires, as well as straight and cut bars and wirelines for use in the oil industry.

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Dividend History for Tree Island Steel (TSE:TSL)

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