Companhia Siderúrgica Nacional (NYSE:SID – Get Free Report) announced a — dividend on Monday, November 20th, Wall Street Journal reports. Shareholders of record on Friday, November 24th will be paid a dividend of 0.1526 per share by the basic materials company on Wednesday, November 22nd. This represents a yield of 20.2%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a positive change from Companhia Siderúrgica Nacional’s previous — dividend of $0.12.
Companhia Siderúrgica Nacional Price Performance
Shares of NYSE SID traded up $0.33 during mid-day trading on Monday, reaching $3.33. The company’s stock had a trading volume of 5,720,504 shares, compared to its average volume of 2,859,441. The stock has a 50-day moving average of $2.40 and a two-hundred day moving average of $2.55. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.01 and a current ratio of 1.53. The stock has a market capitalization of $4.62 billion, a P/E ratio of -109.33, a P/E/G ratio of 2.06 and a beta of 1.84. Companhia Siderúrgica Nacional has a 1-year low of $2.11 and a 1-year high of $3.70.
Hedge Funds Weigh In On Companhia Siderúrgica Nacional
A number of institutional investors have recently bought and sold shares of SID. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Companhia Siderúrgica Nacional by 4.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 62,453 shares of the basic materials company’s stock worth $339,000 after buying an additional 2,595 shares during the last quarter. Sei Investments Co. grew its position in Companhia Siderúrgica Nacional by 31.8% in the first quarter. Sei Investments Co. now owns 13,378 shares of the basic materials company’s stock worth $73,000 after acquiring an additional 3,224 shares during the period. Advisor Group Holdings Inc. increased its stake in Companhia Siderúrgica Nacional by 14.3% during the fourth quarter. Advisor Group Holdings Inc. now owns 28,000 shares of the basic materials company’s stock worth $77,000 after acquiring an additional 3,500 shares during the last quarter. UBS Group AG raised its position in Companhia Siderúrgica Nacional by 15.4% in the third quarter. UBS Group AG now owns 34,598 shares of the basic materials company’s stock valued at $83,000 after purchasing an additional 4,623 shares during the period. Finally, Two Sigma Securities LLC lifted its stake in shares of Companhia Siderúrgica Nacional by 29.1% in the 1st quarter. Two Sigma Securities LLC now owns 22,032 shares of the basic materials company’s stock valued at $68,000 after purchasing an additional 4,968 shares during the last quarter. 2.38% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
About Companhia Siderúrgica Nacional
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products consisting of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.
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