Reliance Dividend
Dividend criteria checks 4/6
Reliance is a dividend paying company with a current yield of 1.54% that is well covered by earnings. Next payment date is on 7th June, 2024 with an ex-dividend date of 23rd May, 2024.
Key information
1.5%
Dividend yield
19%
Payout ratio
| Industry average yield | 2.2% |
| Next dividend pay date | 07 Jun 24 |
| Ex dividend date | 23 May 24 |
| Dividend per share | n/a |
| Earnings per share | US$21.87 |
| Dividend yield forecast in 3Y | 1.2% |
Recent dividend updates
Recent updates
Earnings Miss: Reliance, Inc. Missed EPS By 5.5% And Analysts Are Revising Their Forecasts
Apr 28
Reliance (NYSE:RS) Has A Pretty Healthy Balance Sheet
Apr 19Little Excitement Around Reliance, Inc.'s (NYSE:RS) Earnings
Mar 19Reliance Steel & Aluminum's (NYSE:RS) Shareholders Will Receive A Bigger Dividend Than Last Year
Feb 27Reliance Steel & Aluminum: A Very Reliable Operator
Feb 18Why The 20% Return On Capital At Reliance Steel & Aluminum (NYSE:RS) Should Have Your Attention
Jan 18Reliance Steel & Aluminum Co.'s (NYSE:RS) Share Price Is Matching Sentiment Around Its Earnings
Dec 19Reliance Steel: Wait For A Pullback Before Buying
Dec 07Is Reliance Steel & Aluminum (NYSE:RS) A Risky Investment?
Nov 26Investors Shouldn't Overlook Reliance Steel & Aluminum's (NYSE:RS) Impressive Returns On Capital
Oct 10Reliance Steel & Aluminum: Not A High Growth Company Despite Acquisitions
Sep 22Reliance Steel & Aluminum (NYSE:RS) Has A Pretty Healthy Balance Sheet
Aug 19Reliance Steel: Exuberant Margins Reverting To The Mean
Jul 11Reliance Steel & Aluminum: An Attractive Dividend Score Card, Buy
May 31Returns on Capital Paint A Bright Future For Reliance Steel & Aluminum (NYSE:RS)
May 20Is Reliance Steel & Aluminum (NYSE:RS) Using Too Much Debt?
May 05Do Reliance Steel & Aluminum's (NYSE:RS) Earnings Warrant Your Attention?
Apr 18Reliance Steel & Aluminum Q4 2022 Earnings Preview
Feb 15The Trend Of High Returns At Reliance Steel & Aluminum (NYSE:RS) Has Us Very Interested
Feb 05Reliance Steel & Aluminum (NYSE:RS) Has A Rock Solid Balance Sheet
Jan 24Here's Why We Think Reliance Steel & Aluminum (NYSE:RS) Is Well Worth Watching
Jan 12Reliance Steel to redeem outstanding senior notes due 2023
Dec 15An Intrinsic Calculation For Reliance Steel & Aluminum Co. (NYSE:RS) Suggests It's 29% Undervalued
Nov 24Reliance Steel & Aluminum (NYSE:RS) Knows How To Allocate Capital Effectively
Oct 27Reliance Steel & Aluminum Q3 2022 Earnings Preview
Oct 26Is Reliance Steel & Aluminum (NYSE:RS) Using Too Much Debt?
Oct 15You Can Rely On Reliance Steel & Aluminum
Oct 11If EPS Growth Is Important To You, Reliance Steel & Aluminum (NYSE:RS) Presents An Opportunity
Oct 03Is Reliance Steel & Aluminum Co. (NYSE:RS) Trading At A 44% Discount?
Aug 26Reliance Steel & Aluminum goes ex-dividend tomorrow
Aug 17Reliance Steel & Aluminum Q2 2022 Earnings Preview
Jul 27Under The Bonnet, Reliance Steel & Aluminum's (NYSE:RS) Returns Look Impressive
Jul 22Reliance Steel & Aluminum (NYSE:RS) Could Easily Take On More Debt
Jul 10Here's Why Reliance Steel & Aluminum (NYSE:RS) Has Caught The Eye Of Investors
Jun 26Reliance Steel - Stronger Than Steel
Jun 07Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: RS's dividends per share have been stable in the past 10 years.
Growing Dividend: RS's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Reliance Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (RS) | 1.5% |
| Market Bottom 25% (US) | 1.6% |
| Market Top 25% (US) | 4.8% |
| Industry Average (Metals and Mining) | 2.2% |
| Analyst forecast in 3 Years (RS) | 1.2% |
Notable Dividend: RS's dividend (1.54%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.56%).
High Dividend: RS's dividend (1.54%) is low compared to the top 25% of dividend payers in the US market (4.82%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (18.9%), RS's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (26.9%), RS's dividend payments are well covered by cash flows.